707 Walters DrMorristownTN37814
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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 707 Walters Dr, Morristown, TN, 37814 earns $281/mo cash flow from $2,418/mo rent with a $1,747/mo payment. Total monthly income totals $2,418/mo, and annual cash flow totals $3,377/yr on $118,312 capital. ROI tracks 22.76% on current figures, and rental yield reads 8.13% at a $356,900 purchase. Equity gained on principal adds $2,303/yr, and 5% annual appreciation supports $98,605 over five years. Five-year ROI reaches 117.9% and total cumulative return in cash sums $139,496. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,418/mo property income instead of your personal income.
Single Family
Built in 1961
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37814, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,714 (100%) |
| Owner Occupied HU | 9,232 (62.7%) |
| Renter Occupied HU | 4,347 (29.5%) |
| Vacant Housing Units | 1,135 ( 7.7%) |
| Median Home Value | $259,404 |
| Average Home Value | $297,696 |
Housing Distribution
Address Breakdown
Residential
14,684
Single Family
14,205
Multi-Family
479
Businesses
1,032
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Listed by: Susan Loveday • Lakeway Real Estate
Mls Name: Lakeway Area AOR
Mls ID: #709153