2340 Wellington PointMorristownTN37814
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 2340 Wellington Point, Morristown, TN, 37814 earns from $2,722/mo rent with a $3,181/mo payment. Total monthly income totals $2,722/mo. ROI tracks 13.5% on current figures, and rental yield reads 5.03% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 68.19% and total cumulative return in cash sums $145,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,722/mo property income instead of your personal income.
Single Family
Built in 2025
0.27 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: Pamela Greene • The Realty House, Inc
Mls Name: Lakeway Area AOR
Mls ID: #708395