116 S Gay St #L101KnoxvilleTN37902
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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 116 S Gay St #L101, Knoxville, TN, 37902 listed at $587,500 pairs $3,780/mo rent with a $2,876/mo payment to leave $263/mo cash flow. Total monthly income runs $3,780/mo, and annual cash flow reaches $3,152/yr on $193,288 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 7.72% at a $587,500 basis. Equity gained on principal adds $3,791/yr, and annual property appreciation at 5% supports $162,315 by year five. Five-year ROI tracks 112.1% and total cumulative return in cash totals $216,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,780/mo property income relative to a $2,876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1920
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37902, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 361 (17.0%) |
| Renter Occupied HU | 1,456 (68.7%) |
| Vacant Housing Units | 302 (14.3%) |
| Median Home Value | $584,391 |
| Average Home Value | $590,069 |
Housing Distribution
Address Breakdown
Residential
2,101
Single Family
735
Multi-Family
1,366
Businesses
549
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