234 Saint Johns RdMorristownTN37814
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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 234 Saint Johns Rd, Morristown, TN, 37814 generates $2,545/mo in rent and, after a $1,810/mo payment, leaves $331/mo in cash flow. Total monthly income is $2,545/mo, and annual cash flow is $3,974/yr on $122,622 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.26% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 119.98% and total cumulative return in cash sums $147,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,545/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.43 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: Joshua Weddington • RE/MAX Real Estate Ten Midtown
Mls Name: Lakeway Area AOR
Mls ID: #709460