458 Laurel StMorristownTN37813
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 458 Laurel St, Morristown, TN, 37813 earns $197/mo cash flow from $2,441/mo rent with a $1,835/mo payment. Total monthly income totals $2,441/mo, and annual cash flow totals $2,361/yr on $124,279 capital. ROI tracks 21.81% on current figures, and rental yield reads 7.81% at a $374,900 purchase. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash sums $140,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,441/mo property income instead of your personal income.
Single Family
Built in 2021
0.27 Acres 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: Louanne Linderman • Weichert, REALTORS - Tiger Real Estate
Mls Name: Lakeway Area AOR
Mls ID: #709374