1060 Worlds Fair Park Dr UNIT 16KnoxvilleTN37916
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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 1060 Worlds Fair Park Dr UNIT 16, Knoxville, TN, 37916 earns from $1,825/mo rent with a $2,570/mo payment. Total monthly income totals $1,825/mo. ROI tracks 10.9% on current figures, and rental yield reads 4.17% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 54.24% and total cumulative return in cash sums $93,681. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,825/mo property income instead of your personal income.
Condo
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37916, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,970 (100%) |
| Owner Occupied HU | 168 ( 4.2%) |
| Renter Occupied HU | 2,908 (73.2%) |
| Vacant Housing Units | 894 (22.5%) |
| Median Home Value | $295,122 |
| Average Home Value | $440,859 |
Housing Distribution
Address Breakdown
Residential
3,288
Single Family
1,769
Multi-Family
1,519
Businesses
225
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