2007 Plumb Ridge RdKnoxvilleTN37932
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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 2007 Plumb Ridge Rd, Knoxville, TN, 37932 uses $116,025 cash to close to unlock $3,491/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,713/mo payment keeps the spread at $291/mo. Purchase price stands at $350,000, and rental yield measures 8.18% with $2,386/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 118.7% and total cumulative return in cash records $137,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37932, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,530 (100%) |
| Owner Occupied HU | 7,217 (62.6%) |
| Renter Occupied HU | 3,418 (29.6%) |
| Vacant Housing Units | 895 ( 7.8%) |
| Median Home Value | $462,779 |
| Average Home Value | $535,608 |
Housing Distribution
Address Breakdown
Residential
10,439
Single Family
8,816
Multi-Family
1,623
Businesses
766
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