440 S Fairmont AveMorristownTN37813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 440 S Fairmont Ave, Morristown, TN, 37813 at $194,900 posts ROI 22.62% with $146/mo cash flow from $1,313/mo rent. Total monthly income equals $1,313/mo, and annual cash flow records $1,755/yr on $64,609 to close. Return on cash invested measures 22.62% and rental yield reads 8.08% at the current $194,900. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 by year five. Five-year ROI prints 117.22% and total cumulative return in cash totals $75,735.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,313/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37813, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 4,608 (55.6%) |
| Renter Occupied HU | 2,984 (36.0%) |
| Vacant Housing Units | 693 ( 8.4%) |
| Median Home Value | $219,848 |
| Average Home Value | $272,801 |
Housing Distribution
Address Breakdown
Residential
7,862
Single Family
7,620
Multi-Family
242
Businesses
747
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Listed by: Lindsay Helton • RE/MAX Real Estate Ten Midtown
Mls Name: Lakeway Area AOR
Mls ID: #709429