1117 Laurel Ave #201KnoxvilleTN37916
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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 Knoxville at 1117 Laurel Ave #201, Knoxville, TN, 37916 generates $2,460/mo in rent, after a $2,814/mo payment. Total monthly income is $2,460/mo. Return on cash invested sits at 13.83% in year one, and rental yield is 5.13% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 69.97% and total cumulative return in cash sums $132,359. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.
Condo
Built in 2021
871.20 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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