1622 Cathedral LnKnoxvilleTN37924
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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 1622 Cathedral Ln, Knoxville, TN, 37924 at $285,000 posts ROI 23.58% with $289/mo cash flow from $1,995/mo rent. Total monthly income equals $1,995/mo, and annual cash flow records $3,467/yr on $94,478 to close. Return on cash invested measures 23.58% and rental yield reads 8.4% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 122.25% and total cumulative return in cash totals $115,494.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,995/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37924, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,392 (73.1%) |
| Renter Occupied HU | 1,233 (20.5%) |
| Vacant Housing Units | 382 ( 6.4%) |
| Median Home Value | $338,510 |
| Average Home Value | $374,341 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,709
Multi-Family
327
Businesses
331
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Listed by: Mercedes Brown • Realty Executives Hardin Valley
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1295225
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.