52 Cherry Ln LOT 121MorrisonTN37357
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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 Morrison at 52 Cherry Ln LOT 121, Morrison, TN, 37357 offers a 8.58% rental yield on a $284,900 purchase with $2,037/mo rent. Total monthly income registers $2,037/mo, and a $1,394/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,984/yr on $94,444 to close, and return on cash invested stands at 24.13% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 125.18% and total cumulative return in cash at $118,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,037/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37357, Morrison, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,788 (100%) |
| Owner Occupied HU | 2,067 (74.1%) |
| Renter Occupied HU | 459 (16.5%) |
| Vacant Housing Units | 262 ( 9.4%) |
| Median Home Value | $239,874 |
| Average Home Value | $284,239 |
Housing Distribution
Address Breakdown
Residential
2,574
Single Family
2,573
Multi-Family
1
Businesses
129
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