721 E First North StMorristownTN37814
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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 721 E First North St, Morristown, TN, 37814 earns $736/mo cash flow from $4,267/mo rent with a $2,887/mo payment. Total monthly income totals $4,267/mo, and annual cash flow totals $8,832/yr on $194,077 capital. ROI tracks 24.61% on current figures, and rental yield reads 8.68% at a $589,900 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 over five years. Five-year ROI reaches 127.77% and total cumulative return in cash sums $247,977. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,267/mo property income instead of your personal income.
Single Family
Built in 1905
0.49 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: Hix Masengill • Century 21 Masengill-McCrary Realtors
Mls Name: TVRMLS
Mls ID: #9986678