508 Hale AveMorristownTN37813
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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 508 Hale Ave, Morristown, TN, 37813 earns $78/mo cash flow from $2,233/mo rent with a $1,762/mo payment. Total monthly income totals $2,233/mo, and annual cash flow totals $936/yr on $119,340 capital. ROI tracks 20.69% on current figures, and rental yield reads 7.44% at a $359,999 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 106.77% and total cumulative return in cash sums $127,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,233/mo property income instead of your personal income.
Single Family
Built in 1962
0.48 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: Peggy Smelcer • Broyles Real Estate & Auction
Mls Name: Lakeway Area AOR
Mls ID: #709932