3815 High Oak DrMorristownTN37814
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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 3815 High Oak Dr, Morristown, TN, 37814 uses $104,423 cash to close to unlock $28,561/yr annual cash flow and $2,380/mo monthly cash flow. Total monthly income runs $4,266/mo, and a $1,542/mo payment keeps the spread at $2,380/mo. Purchase price stands at $315,000, and rental yield measures 16.25% with $4,266/mo rent. Return on cash invested shows 47.26% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 249.28% and total cumulative return in cash records $260,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,266/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1999
1.03 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: LeAnn Anest • Elite Realty Group
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #611983
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.