510 Old Witt 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 510 Old Witt Rd, Morristown, TN, 37813 with 5% annual appreciation on a $199,900 basis while $1,837/mo rent supports operations. Total monthly income totals $1,837/mo and a $978/mo payment preserves $641/mo for cash returns. Annual cash flow comes to $7,689/yr on $66,267 deployed, and return on cash invested reaches 31.51% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 11.03%. Five-year ROI measures 164.81% and total cumulative return in cash totals $109,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,837/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2000
18.43 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: Christina Stump • RE/MAX Real Estate Ten Midtown
Mls Name: Lakeway Area AOR
Mls ID: #709910