218 E Morelia AveKnoxvilleTN37917
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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 218 E Morelia Ave, Knoxville, TN, 37917 at $274,900 posts ROI 26.93% with $533/mo cash flow from $2,178/mo rent. Total monthly income equals $2,178/mo, and annual cash flow records $6,395/yr on $91,129 to close. Return on cash invested measures 26.93% and rental yield reads 9.51% at the current $274,900. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 by year five. Five-year ROI prints 140.19% and total cumulative return in cash totals $127,755.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,178/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37917, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,447 (100%) |
| Owner Occupied HU | 6,164 (45.8%) |
| Renter Occupied HU | 5,918 (44.0%) |
| Vacant Housing Units | 1,365 (10.2%) |
| Median Home Value | $252,060 |
| Average Home Value | $305,210 |
Housing Distribution
Address Breakdown
Residential
12,574
Single Family
10,761
Multi-Family
1,813
Businesses
1,075
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