510 S Liberty Hill RdMorristownTN37813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 510 S Liberty Hill Rd, Morristown, TN, 37813 offers $1,970/mo rent that, after a $1,957/mo payment. Total monthly income is $1,970/mo. Return on cash invested measures 16.07% in year one, and rental yield stands at 5.91% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 82.03% and total cumulative return in cash reaches $108,740. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,970/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2006
0.51 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joey Bruce • RE/MAX Between the Lakes - Dandridge
Mls Name: Lakeway Area AOR
Mls ID: #709633