473 Furrow DrMorristownTN37813
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
Rental property for sale in Morristown at 473 Furrow Dr, Morristown, TN, 37813 priced at $388,105 pairs $2,034/mo rent with after a $1,900/mo payment. Total monthly income equals $2,034/mo. Return on cash invested is 16.74% in year one, and rental yield stands at 6.29% on a $388,105 basis. Equity gained on principal adds $2,504/yr, and 5% annual appreciation accumulates to $107,226 by year five. Five-year ROI measures 85.77% and total cumulative return in cash reaches $110,353. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,900/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darlene Slone • D.R. Horton
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #708192
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.