1216 Durham RdKnoxvilleTN37931
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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 1216 Durham Rd, Knoxville, TN, 37931 uses $145,827 cash to close to unlock $1,521/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $2,153/mo payment keeps the spread at $127/mo. Purchase price stands at $439,900, and rental yield measures 7.53% with $2,760/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 108.17% and total cumulative return in cash records $157,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37931, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 10,536 (75.4%) |
| Renter Occupied HU | 2,898 (20.7%) |
| Vacant Housing Units | 534 ( 3.8%) |
| Median Home Value | $378,506 |
| Average Home Value | $404,044 |
Housing Distribution
Address Breakdown
Residential
13,881
Single Family
12,775
Multi-Family
1,106
Businesses
384
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