1809 Riverstone CresMorristownTN37814
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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
Investment property for sale in Morristown at 1809 Riverstone Cres, Morristown, TN, 37814 listed at $369,900 pairs $3,679/mo rent with a $1,810/mo payment to leave $1,465/mo cash flow. Total monthly income runs $3,679/mo, and annual cash flow reaches $17,582/yr on $122,622 cash to close. Return on cash invested measures 34.25% in year one, and rental yield registers 11.94% at a $369,900 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,197 by year five. Five-year ROI tracks 179.5% and total cumulative return in cash totals $220,102. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,679/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.37 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: Heather Walker • RE/MAX Real Estate Ten Midtown
Mls Name: Lakeway Area AOR
Mls ID: #709881