512 Hubble St · Morristown, TN 37814

$162,500

3 bd · 1.0 ba · 888 sqft · SingleFamily public records · 5 Days on market

Built 1967 7,840 sqft lot Est $200k · 19% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.5/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming home located in the heart of Morristown! Situated at 512 Hubble St, this property offers a great opportunity for homeowners or investors looking to add their personal touch. The main level features new flooring throughout, creating a fresh and updated feel. Conveniently located near shopping, dining, schools, and local amenities, this home combines comfort and accessibility at an affordable price point. Property is being sold AS-IS, offering buyers the chance to make it their own while enjoying the recent interior improvements already completed.

Key facts

• New flooring
• Conveniently located
• 7,840 sq ft lot

Tags

• NEW FLOORING
• RECENT INTERIOR IMPROVEMENTS
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Garage (1 space); Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected (fuses); Sewer connected; Water connected
• Home design: Single-family residence; One story
• Construction: Brick and vinyl siding exterior
• Exterior features: Paved road access; Basement (concrete, unfinished)

Interior

• Bedrooms: 3 bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Heat pump heating; Central heating; Central air conditioning; Heat pump cooling
• Interior features: Metal fireplace; Accessible entrance with ramp; Accessible approach with ramp; Accessible full bathroom
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $66 ($792/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $134k (17.6% below list).
• Recommended offer: $134k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 2.9% in Morristown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#175 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: crime F, amenities F, commute F.
• Hamblen County (urban): math 31% / reading 30% proficiency, ranked #57 of 139 in TN (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West Elementary (math 32% / reading 27%, grade F, #423 of 952 statewide, top 48%, 432 students, 0% FRL); Lincoln Heights Middle School (math 23% / reading 18%, grade F, #194 of 333 statewide, top 59%, 561 students, 0% FRL); Morristown West High (math 13% / reading 44%, grade F, #96 of 332 statewide, top 30%, 1,506 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 332 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 298 units permitted in Hamblen County in 2024 (48 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $46k; list at $162k implies a 249% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $133,957 (17.6% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.74%
• DSCR: 1.08
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $199,800
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
512 Hubble St	0.00mi	3/1.0	888 (0%)	0mo	$152,000	$171	100
529 N Jackson St	0.03mi	2/1.0 (-1)	821 (-8%)	2mo	$198,900	$242	79
528 W 8th North St	0.19mi	2/1.0 (-1)	952 (+7%)	5mo	$230,000	$242	70
1002 Watercrest St	0.35mi	2/1.0 (-1)	920 (+4%)	8mo	$225,000	$245	66
331 W 6th North St	0.18mi	2/1.0 (-1)	1,021 (+15%)	19mo	$214,900	$210	46
1331 Goodson Ave	0.74mi	2/1.0 (-1)	864 (-3%)	15mo	$205,900	$238	44
515 Franklin Ln	0.72mi	2/1.0 (-1)	888 (0%)	22mo	$200,000	$225	43
315 Rosedale Avenue Ave	0.68mi	2/1.0 (-1)	925 (+4%)	22mo	$110,000	$119	38
435 S Hill St	0.72mi	2/1.0 (-1)	1,008 (+14%)	6mo	$219,000	$217	34
744 W Louise Ave	0.66mi	2/1.0 (-1)	1,000 (+13%)	21mo	$94,500	$95	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.51×
• Total profit: $-22,188
• Equity at exit: $24,229

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-14,152
• Equity at exit: $14,050

Cash invested: $45,500 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37814

• Home prices YoY: -17.1%
• Active inventory: 332
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,340 medium
• Mortgage (P&I): −$852
• Tax from tax record: −$72 /mo · $869/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $66

Break-even live

Break-even rent $1,256

Max offer price $162,500

Occupancy floor 90%

Sensitivity live

Price	-10% $158	-5% $112	+0% $66	+5% $20	+10% $-26
Rent	-10% $-40	-5% $13	+0% $66	+5% $119	+10% $172
Rate	-1.0pp $148	-0.5pp $107	base $66	+0.5pp $24	+1.0pp $-19

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,625
• Closing costs: $4,875
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
578 Housley St Morristown, TN	2.0	2.0	949	$890	$0.94	22d	1	0.72mi

Listing history 4 events

1. 2026-05-22
   listed $162,500 Active
2. 2001-03-08
   soldstatus $46,500
3. 1996-08-30
   soldstatus $46,500
4. 1993-09-06
   soldstatus $30,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $869 · $72/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$285/yr (+$24/mo · 32.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,075
• − Mortgage interest: −$9,103
• − Property taxes: −$869
• − Insurance: −$812
• − Repairs & maintenance: −$1,286
• − Management: −$1,286
• − Depreciation: −$4,727
• Taxable loss: −$2,008
• Est. tax savings @ 24.0%: +$482
• After-tax cash flow: $1,274/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamblen County
• NCES district ID: 4700001
• Math proficiency: 31% ▼ -5.00%
• Reading proficiency: 30% ▼ -4.00%
• Median HH income: $39,361
• Composite: 25.61/100
• National rank: #7412
• State rank: #57 of 139 in TN

Livability — Morristown

• Score: 64/100
• State rank: #175
• US rank: #14625

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A- Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Morristown, TN
• County: Hamblen County · 35,239 people
• City population: 35,239
• Metro: Morristown, TN
• Population (ZIP): 35,239
• Household income: $55,650
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1001.0

Population outlook (Hamblen County) Hauer SSP2

• Today (2025): 65,185 people
• By 2030: 65,707 · +0.8%
• By 2040: 66,189 · +1.5%
• By 2050: 65,798 · +0.9%
• By 2075: 62,642 · -3.9%
• By 2100: 55,702 · -14.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 12% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 2%
• Common ancestry: Slovak 3% Lithuanian 2% Serbian 2%
• Foreign-born: 8% · Canada
• Languages at home: 85% English-only · Spanish 13% Other Asian/Pacific 1%

Political lean MEDSL · Hamblen

• 2024 margin: Solid R (+58.9) · D 20.1% · R 79.0%
• 2008→2024 swing: -20.5pp toward R · 2008: -38.4pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.0 2016: R+57.2 2012: R+46.4 2008: R+38.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.88%
• Current HPI: 299.6486
• Rent YoY: —
• Metro: Morristown, TN
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+432.8% since first listed

4 events — show timeline

• 2026-05-22 Listed $162,500 LAAR
• 2001-03-08 Sold (Public Records) $46,500 Public Records
• 1996-08-30 Sold (Public Records) $46,500 Public Records
• 1993-09-06 Sold (Public Records) $30,500 Public Records

Property tax history

+5.5%/yr

Latest (2025): $869 · +45.3% YoY. Source: county tax records.