738 Bear Springs RdMorristownTN37814
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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
Rental property for sale in Morristown at 738 Bear Springs Rd, Morristown, TN, 37814 priced at $299,900 pairs $2,381/mo rent with $586/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,381/mo, and annual cash flow comes to $7,027/yr on $99,417 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 9.53% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 140.49% and total cumulative return in cash reaches $139,672. For financing, Ziffy Mortgage’s DSCR program evaluates $2,381/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.83 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: Darlene Reeves-Kline • RE/MAX Between the Lakes
Mls Name: Lakeway Area AOR
Mls ID: #709074