1211 Highland Ave APT 101KnoxvilleTN37916
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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 1211 Highland Ave APT 101, Knoxville, TN, 37916 uses $82,875 cash to close to unlock $1,477/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $1,224/mo payment keeps the spread at $123/mo. Purchase price stands at $250,000, and rental yield measures 7.78% with $1,620/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash records $92,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A 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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