2138 Edgewater SoundMorristownTN37814
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 2138 Edgewater Sound, Morristown, TN, 37814 earns from $3,286/mo rent with a $8,321/mo payment. Total monthly income totals $3,286/mo. ROI tracks 5.36% on current figures, and rental yield reads 2.32% at a $1,700,000 purchase. Equity gained on principal adds $10,970/yr, and 5% annual appreciation supports $469,679 over five years. Five-year ROI reaches 24.44% and total cumulative return in cash sums $134,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,286/mo property income instead of your personal income.
Single Family
Built in 2023
0.88 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: Jim Williams • Lake Homes Realty
Mls Name: Lakeway Area AOR
Mls ID: #709308