231 Tom Johnson RdMorrisonTN37357
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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 Morrison at 231 Tom Johnson Rd, Morrison, TN, 37357 offers a 8.89% rental yield on a $295,600 purchase with $2,190/mo rent. Total monthly income registers $2,190/mo, and a $1,447/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,044/yr on $97,991 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $1,907/yr while 5% annual appreciation supports $81,669 over five years. Portfolio math shows five-year ROI at 130.21% and total cumulative return in cash at $127,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,190/mo property income against a $1,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37357, Morrison, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,788 (100%) |
| Owner Occupied HU | 2,067 (74.1%) |
| Renter Occupied HU | 459 (16.5%) |
| Vacant Housing Units | 262 ( 9.4%) |
| Median Home Value | $239,874 |
| Average Home Value | $284,239 |
Housing Distribution
Address Breakdown
Residential
2,574
Single Family
2,573
Multi-Family
1
Businesses
129
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