2262 Ridgeline CtMorristownTN37814
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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 2262 Ridgeline Ct, Morristown, TN, 37814 generates $2,627/mo in rent, after a $5,384/mo payment. Total monthly income is $2,627/mo. Return on cash invested sits at 7.04% in year one, and rental yield is 2.87% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 33.49% and total cumulative return in cash sums $119,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,627/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.56 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: Jonathan Minerick • Homecoin.com
Mls Name: East Tennessee Realtors
Mls ID: #1323284