2047 Boatmans Ridge RdMorristownTN37814
Nearby investment properties with comparable rents
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 2047 Boatmans Ridge Rd, Morristown, TN, 37814 listed at $1,450,000 pairs $2,627/mo rent with a $7,097/mo payment. Total monthly income runs $2,627/mo. Return on cash invested measures 4.91% in year one, and rental yield registers 2.17% at a $1,450,000 basis. Equity gained on principal adds $9,357/yr, and annual property appreciation at 5% supports $400,608 by year five. Five-year ROI tracks 22.04% and total cumulative return in cash totals $103,557. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,627/mo property income relative to a $7,097/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
5 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Brown • Crye-Leike Premier Real Estate LLC
Mls Name: Lakeway Area AOR
Mls ID: #709451