475 Lochmere DrMorristownTN37814
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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 475 Lochmere Dr, Morristown, TN, 37814 at $405,000 posts ROI 27.95% with $899/mo cash flow from $3,365/mo rent. Total monthly income equals $3,365/mo, and annual cash flow records $10,790/yr on $134,258 to close. Return on cash invested measures 27.95% and rental yield reads 9.97% at the current $405,000. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 by year five. Five-year ROI prints 145.83% and total cumulative return in cash totals $195,794.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,365/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2006
N/A lot
$N/A/sqft
$500 annually 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: Joey Cody • Crye-Leike Premier Real Estate LLC
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #705271
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.