731 Lennie AveMorristownTN37813
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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 731 Lennie Ave, Morristown, TN, 37813 with 5% annual appreciation on a $259,900 basis while $1,704/mo rent supports operations. Total monthly income totals $1,704/mo and a $1,272/mo payment preserves $148/mo for cash returns. Annual cash flow comes to $1,779/yr on $86,157 deployed, and return on cash invested reaches 21.97% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 7.87%. Five-year ROI measures 113.68% and total cumulative return in cash totals $97,942.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,704/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
7,405 sqft 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: Hix Masengill • Century 21 Masengill-McCrary
Mls Name: Lakeway Area AOR
Mls ID: #709360