1414 Island Home AveKnoxvilleTN37920
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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
Total monthly income runs $1,693/mo, and a $3,157/mo payment. Purchase price stands at $645,000, and rental yield measures 3.15% with $1,693/mo rent. Return on cash invested shows 7.8% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 37.6% and total cumulative return in cash records $79,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,693/mo property income covering a $3,157/mo payment rather than investor’s personal income.
Condo
Built in 2024
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37920, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,325 (100%) |
| Owner Occupied HU | 12,056 (56.5%) |
| Renter Occupied HU | 7,183 (33.7%) |
| Vacant Housing Units | 2,086 ( 9.8%) |
| Median Home Value | $321,575 |
| Average Home Value | $381,042 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
18,456
Multi-Family
1,800
Businesses
895
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