3097 Nicole Cir #FRZIH3MorristownTN37814
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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
Investment property for sale in Morristown at 3097 Nicole Cir #FRZIH3, Morristown, TN, 37814 listed at $306,500 pairs $2,797/mo rent with a $1,500/mo payment to leave $962/mo cash flow. Total monthly income runs $2,797/mo, and annual cash flow reaches $11,549/yr on $101,605 cash to close. Return on cash invested measures 31.28% in year one, and rental yield registers 10.95% at a $306,500 basis. Equity gained on principal adds $1,978/yr, and annual property appreciation at 5% supports $84,680 by year five. Five-year ROI tracks 163.55% and total cumulative return in cash totals $166,177. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,797/mo property income relative to a $1,500/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
N/A 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: N/A • N/A
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