1517 Shields Ferry RdMorristownTN37814
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Nearby investment properties with comparable prices
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
Investment property for sale in Morristown at 1517 Shields Ferry Rd, Morristown, TN, 37814 at $204,900 posts ROI 33.47% with $767/mo cash flow from $1,994/mo rent. Total monthly income equals $1,994/mo, and annual cash flow records $9,208/yr on $67,924 to close. Return on cash invested measures 33.47% and rental yield reads 11.68% at the current $204,900. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 by year five. Five-year ROI prints 175.32% and total cumulative return in cash totals $119,086.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,994/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37814, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,714 (100%) |
| Owner Occupied HU | 9,232 (62.7%) |
| Renter Occupied HU | 4,347 (29.5%) |
| Vacant Housing Units | 1,135 ( 7.7%) |
| Median Home Value | $259,404 |
| Average Home Value | $297,696 |
Housing Distribution
Address Breakdown
Residential
14,684
Single Family
14,205
Multi-Family
479
Businesses
1,032
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Listed by: Debbie Robbins • Weichert, REALTORS - Tiger Real Estate
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #707728
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.