2404 Limelight LnKnoxvilleTN37924
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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 2404 Limelight Ln, Knoxville, TN, 37924 generates $2,640/mo in rent and, after a $1,610/mo payment, leaves $671/mo in cash flow. Total monthly income is $2,640/mo, and annual cash flow is $8,051/yr on $109,030 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 9.63% on a $328,900 entry. Equity gained on principal adds $2,122/yr, while 5% annual appreciation builds toward $90,869 over five years. Five-year ROI reaches 142.16% and total cumulative return in cash sums $154,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37924, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,392 (73.1%) |
| Renter Occupied HU | 1,233 (20.5%) |
| Vacant Housing Units | 382 ( 6.4%) |
| Median Home Value | $338,510 |
| Average Home Value | $374,341 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,709
Multi-Family
327
Businesses
331
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