2517 Shields Ferry RdMorristownTN37814
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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 Morristown at 2517 Shields Ferry Rd, Morristown, TN, 37814 at $269,000 posts ROI 25.67% with $428/mo cash flow from $2,039/mo rent. Total monthly income equals $2,039/mo, and annual cash flow records $5,140/yr on $89,174 to close. Return on cash invested measures 25.67% and rental yield reads 9.1% at the current $269,000. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 by year five. Five-year ROI prints 133.52% and total cumulative return in cash totals $119,063.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,039/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2002
2.07 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: Mitchell Elkins • Elite Realty Group
Mls Name: Lakeway Area AOR
Mls ID: #709805