1601 McTeer StKnoxvilleTN37921
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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 1601 McTeer St, Knoxville, TN, 37921 generates $2,153/mo in rent and, after a $1,175/mo payment, leaves $716/mo in cash flow. Total monthly income is $2,153/mo, and annual cash flow is $8,592/yr on $79,560 invested. Return on cash invested sits at 30.71% in year one, and rental yield is 10.76% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 160.47% and total cumulative return in cash sums $127,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,153/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37921, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,368 (100%) |
| Owner Occupied HU | 7,465 (55.8%) |
| Renter Occupied HU | 4,852 (36.3%) |
| Vacant Housing Units | 1,051 ( 7.9%) |
| Median Home Value | $265,335 |
| Average Home Value | $323,885 |
Housing Distribution
Address Breakdown
Residential
12,538
Single Family
10,892
Multi-Family
1,646
Businesses
1,037
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Listed by: Sarah Williams • Your Home Sold Guaranteed Real
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1296017
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.