4996 Saint Paul RdMorristownTN37813
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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
Rental property for sale in Morristown at 4996 Saint Paul Rd, Morristown, TN, 37813 generates $1,574/mo in rent, after a $1,370/mo payment. Total monthly income is $1,574/mo. Return on cash invested sits at 18.59% in year one, and rental yield is 6.75% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 95.55% and total cumulative return in cash sums $88,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,574/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
19.40 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: Carla Cullip • RE/MAX Real Estate Ten Midtown
Mls Name: Lakeway Area AOR
Mls ID: #708361