1424 Overton LnKnoxvilleTN37923
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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
Rental property for sale in Knoxville at 1424 Overton Ln, Knoxville, TN, 37923 generates $2,646/mo in rent and, after a $1,859/mo payment, leaves $372/mo in cash flow. Total monthly income is $2,646/mo, and annual cash flow is $4,467/yr on $125,937 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 8.36% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash sums $153,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,646/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
7,405 sqft lot
$N/A/sqft
No 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: April Arnold • True North Real Estate
Mls Name: TVRMLS
Mls ID: #9978670
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