426 Walters 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 426 Walters Dr, Morristown, TN, 37814 offers a 8.43% rental yield on a $180,000 purchase with $1,264/mo rent. Total monthly income registers $1,264/mo, and a $881/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,238/yr on $59,670 to close, and return on cash invested stands at 23.66% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 122.7% and total cumulative return in cash at $73,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,264/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.27 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: Paulina Morelos Perez • Realty Executives Associates
Mls Name: Lakeway Area AOR
Mls ID: #708487