1309 Farrington DrKnoxvilleTN37923
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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 1309 Farrington Dr, Knoxville, TN, 37923 at $675,000 posts ROI 13.54% with from $2,838/mo rent. Total monthly income equals $2,838/mo. Return on cash invested measures 13.54% and rental yield reads 5.05% at the current $675,000. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 by year five. Five-year ROI prints 68.41% and total cumulative return in cash totals $151,911. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,838/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
0.39 Acres lot
$N/A/sqft
$40 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37923, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,210 (100%) |
| Owner Occupied HU | 7,896 (51.9%) |
| Renter Occupied HU | 6,400 (42.1%) |
| Vacant Housing Units | 914 ( 6.0%) |
| Median Home Value | $371,019 |
| Average Home Value | $410,246 |
Housing Distribution
Address Breakdown
Residential
14,208
Single Family
10,949
Multi-Family
3,259
Businesses
883
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Listed by: Shannon Simpson • Century 21 Legacy
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1302718
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.