Salem Plan, Millstone VillageMorristownTN37813
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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 Salem Plan, Millstone Village, Morristown, TN, 37813 offers $2,034/mo rent that, after a $1,791/mo payment. Total monthly income is $2,034/mo. Return on cash invested measures 18.36% in year one, and rental yield stands at 6.67% at a $365,990 entry. Equity gained on principal adds $2,362/yr while 5% annual appreciation compounds into $101,116 by year five. Five-year ROI records 94.28% and total cumulative return in cash reaches $114,390. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $1,791/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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
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Listed by: Millstone Village Sales Center • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A