2240 McClung AveKnoxvilleTN37920
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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 2240 McClung Ave, Knoxville, TN, 37920 listed at $249,900 pairs $1,778/mo rent with a $1,223/mo payment to leave $282/mo cash flow. Total monthly income runs $1,778/mo, and annual cash flow reaches $3,386/yr on $82,842 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 8.54% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 124.53% and total cumulative return in cash totals $103,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,778/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37920, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,325 (100%) |
| Owner Occupied HU | 12,056 (56.5%) |
| Renter Occupied HU | 7,183 (33.7%) |
| Vacant Housing Units | 2,086 ( 9.8%) |
| Median Home Value | $321,575 |
| Average Home Value | $381,042 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
18,456
Multi-Family
1,800
Businesses
895
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