1715 Parkridge DrKnoxvilleTN37924
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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 1715 Parkridge Dr, Knoxville, TN, 37924 listed at $527,700 pairs $3,848/mo rent with a $2,583/mo payment to leave $689/mo cash flow. Total monthly income runs $3,848/mo, and annual cash flow reaches $8,267/yr on $173,613 cash to close. Return on cash invested measures 24.82% in year one, and rental yield registers 8.75% at a $527,700 basis. Equity gained on principal adds $3,405/yr, and annual property appreciation at 5% supports $145,794 by year five. Five-year ROI tracks 128.88% and total cumulative return in cash totals $223,756. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,848/mo property income relative to a $2,583/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
1.01 Acres 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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