811 Crescent 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 811 Crescent St, Morristown, TN, 37813 priced at $224,900 pairs $2,154/mo rent with $807/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,154/mo, and annual cash flow comes to $9,690/yr on $74,554 invested. Return on cash invested is 32.91% in year one, and rental yield stands at 11.49% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 172.29% and total cumulative return in cash reaches $128,449. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.26 Acres 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: Christian Bonnin • Your Home Sold Guaranteed Realty
Mls Name: TVRMLS
Mls ID: #9989319