402 Hampton West BlvdMorristownTN37814
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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 402 Hampton West Blvd, Morristown, TN, 37814 priced at $694,900 converts $4,006/mo rent into after a $3,401/mo obligation. Total monthly income equals $4,006/mo. Return on cash invested prints 19.17% in year one, and rental yield reads 6.92% against a $694,900 entry. Equity gained on principal adds $4,484/yr, while 5% annual appreciation compiles into $191,988 by year five. Five-year ROI reaches 98.59% and total cumulative return in cash sums $225,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,006/mo property income covering a $3,401/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.36 Acres lot
$N/A/sqft
$200 annually 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: Jonathan Minerick • Homecoin.com
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1276855
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. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.