5021 Cottonseed WayMorristownTN37813
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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
Investment property for sale in Morristown at 5021 Cottonseed Way, Morristown, TN, 37813 uses $114,368 cash to close to unlock $12,196/yr annual cash flow and $1,016/mo monthly cash flow. Total monthly income runs $3,107/mo, and a $1,689/mo payment keeps the spread at $1,016/mo. Purchase price stands at $345,000, and rental yield measures 10.81% with $3,107/mo rent. Return on cash invested shows 30.57% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 159.88% and total cumulative return in cash records $182,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,107/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 2023
871.20 sqft lot
$N/A/sqft
$300 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
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Listed by: Kimberly Cobble • Crye-Leike Premier Real Estate LLC
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #708296
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.