819 Choctaw 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
Investment property for sale in Morristown at 819 Choctaw St, Morristown, TN, 37813 with 5% annual appreciation on a $185,000 basis while $1,610/mo rent supports operations. Total monthly income totals $1,610/mo and a $905/mo payment preserves $503/mo for cash returns. Annual cash flow comes to $6,036/yr on $61,328 deployed, and return on cash invested reaches 29.75% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 10.44%. Five-year ROI measures 155.44% and total cumulative return in cash totals $95,331.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,610/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
7,840 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: Sheila Ulku • Greater Impact Realty Lakeway
Mls Name: Lakeway Area AOR
Mls ID: #708714