1936 Prospect PlKnoxvilleTN37915
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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 1936 Prospect Pl, Knoxville, TN, 37915 generates $2,268/mo in rent and, after a $1,835/mo payment, leaves $24/mo in cash flow. Total monthly income is $2,268/mo, and annual cash flow is $283/yr on $124,313 invested. Return on cash invested sits at 20.14% in year one, and rental yield is 7.26% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 103.81% and total cumulative return in cash sums $129,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,268/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37915, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 656 (18.8%) |
| Renter Occupied HU | 2,499 (71.5%) |
| Vacant Housing Units | 340 ( 9.7%) |
| Median Home Value | $228,090 |
| Average Home Value | $327,396 |
Housing Distribution
Address Breakdown
Residential
3,195
Single Family
2,361
Multi-Family
834
Businesses
149
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