1002 Fair DrKnoxvilleTN37912
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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 Knoxville at 1002 Fair Dr, Knoxville, TN, 37912 offers a 8.41% rental yield on a $259,999 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $1,273/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,182/yr on $86,190 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 122.43% and total cumulative return in cash at $105,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
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