848 Spencer Hale RdMorristownTN37813
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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 848 Spencer Hale Rd, Morristown, TN, 37813 listed at $160,000 pairs $1,269/mo rent with a $783/mo payment to leave $311/mo cash flow. Total monthly income runs $1,269/mo, and annual cash flow reaches $3,736/yr on $53,040 cash to close. Return on cash invested measures 26.95% in year one, and rental yield registers 9.52% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 140.39% and total cumulative return in cash totals $74,462. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,269/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1939
8,712 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: Emily Lowe Sexton • Keller Williams Properties
Mls Name: Lakeway Area AOR
Mls ID: #708778