1653 Spring Berry 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 1653 Spring Berry Ln, Knoxville, TN, 37924 earns from $2,886/mo rent with a $2,389/mo payment. Total monthly income totals $2,886/mo. ROI tracks 19.64% on current figures, and rental yield reads 7.1% at a $488,000 purchase. Equity gained on principal adds $3,149/yr, and 5% annual appreciation supports $134,825 over five years. Five-year ROI reaches 101.18% and total cumulative return in cash sums $163,676. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,886/mo property income instead of your personal income.
Single Family
Built in 2023
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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