808 Gaston StMorristownTN37813
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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 808 Gaston St, Morristown, TN, 37813 priced at $289,000 converts $1,638/mo rent into after a $1,415/mo obligation. Total monthly income equals $1,638/mo. Return on cash invested prints 18.75% in year one, and rental yield reads 6.8% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 96.39% and total cumulative return in cash sums $92,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,638/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Multi Family
Built in 1985
1,742 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: Joey Bruce • RE/MAX Between the Lakes - Dandridge
Mls Name: Lakeway Area AOR
Mls ID: #709009