416 Lochmere 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 416 Lochmere Dr, Morristown, TN, 37814 offers a 7.6% rental yield on a $259,900 purchase with $1,645/mo rent. Total monthly income registers $1,645/mo, and a $1,272/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,071/yr on $86,157 to close, and return on cash invested stands at 21.15% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 109.29% and total cumulative return in cash at $94,162. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,645/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
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: Leslie Lamb • Crye-Leike Lakeway Real Estate
Mls Name: Lakeway Area AOR
Mls ID: #709457