2126 Roosevelt DrMorristownTN37813
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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 2126 Roosevelt Dr, Morristown, TN, 37813 generates $3,679/mo in rent and, after a $587/mo payment, leaves $2,934/mo in cash flow. Total monthly income is $3,679/mo, and annual cash flow is $35,202/yr on $39,780 invested. Return on cash invested sits at 108.4% in year one, and rental yield is 36.79% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 577.48% and total cumulative return in cash sums $229,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,679/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
8.60 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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