1700 Clinch Ave APT 502KnoxvilleTN37916
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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 1700 Clinch Ave APT 502, Knoxville, TN, 37916 generates $1,620/mo in rent, after a $1,468/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 17.79% in year one, and rental yield is 6.48% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 91.23% and total cumulative return in cash sums $90,732. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37916, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,970 (100%) |
| Owner Occupied HU | 168 ( 4.2%) |
| Renter Occupied HU | 2,908 (73.2%) |
| Vacant Housing Units | 894 (22.5%) |
| Median Home Value | $295,122 |
| Average Home Value | $440,859 |
Housing Distribution
Address Breakdown
Residential
3,288
Single Family
1,769
Multi-Family
1,519
Businesses
225
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