1888 Explorer LnKnoxvilleTN37912
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1888 Explorer Ln, Knoxville, TN, 37912 uses $123,650 cash to close to unlock $1,306/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $2,342/mo, and a $1,826/mo payment keeps the spread at $109/mo. Purchase price stands at $373,000, and rental yield measures 7.53% with $2,342/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $103,053 over five years. Five-year ROI reaches 108.24% and total cumulative return in cash records $133,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,342/mo property income covering a $1,826/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices