1515 River PathMorristownTN37813
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Morristown at 1515 River Path, Morristown, TN, 37813 generates $2,120/mo in rent and, after a $1,360/mo payment, leaves $457/mo in cash flow. Total monthly income is $2,120/mo, and annual cash flow is $5,480/yr on $92,124 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 9.15% on a $277,900 entry. Equity gained on principal adds $1,793/yr, while 5% annual appreciation builds toward $76,779 over five years. Five-year ROI reaches 134.48% and total cumulative return in cash sums $123,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,120/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37813, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 4,608 (55.6%) |
| Renter Occupied HU | 2,984 (36.0%) |
| Vacant Housing Units | 693 ( 8.4%) |
| Median Home Value | $219,848 |
| Average Home Value | $272,801 |
Housing Distribution
Address Breakdown
Residential
7,862
Single Family
7,620
Multi-Family
242
Businesses
747
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Listed by: Mark Jackson • Jackson Real Estate & Auction
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519284