1796 Jaybird RdMorristownTN37814
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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 1796 Jaybird Rd, Morristown, TN, 37814 priced at $329,900 converts $3,758/mo rent into $1,783/mo cash flow after a $1,615/mo obligation. Total monthly income equals $3,758/mo, and annual cash flow totals $21,394/yr on $109,362 invested. Return on cash invested prints 39.47% in year one, and rental yield reads 13.67% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 207.49% and total cumulative return in cash sums $226,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,758/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.44 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: Shannon Hinkle • Action Real Estate
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #705159
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.