5056 Spencer Hale 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
Investment property for sale in Morristown at 5056 Spencer Hale Rd, Morristown, TN, 37813 earns from $2,034/mo rent with a $4,723/mo payment. Total monthly income totals $2,034/mo. ROI tracks 5.91% on current figures, and rental yield reads 2.53% at a $964,900 purchase. Equity gained on principal adds $6,226/yr, and 5% annual appreciation supports $266,584 over five years. Five-year ROI reaches 27.49% and total cumulative return in cash sums $87,264. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.
Single Family
Built in 2023
8.60 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: Darrell Lewis • DIYFLATFEE.COM
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2964855