Cali Plan, Millstone VillageMorristownTN37813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cali Plan, Millstone Village, Morristown, TN, 37813 with 5% annual appreciation on a $330,990 basis while $2,906/mo rent supports operations. Total monthly income totals $2,906/mo and a $1,620/mo payment preserves $925/mo for cash returns. Annual cash flow comes to $11,096/yr on $109,723 deployed, and return on cash invested reaches 30.02% in year one. Equity gained on principal adds $2,136/yr, and five-year appreciation sums $91,446 alongside rental yield of 10.54%. Five-year ROI measures 156.82% and total cumulative return in cash totals $172,065.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,906/mo property income versus a $1,620/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A