2440 Chastity WayKnoxvilleTN37909
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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 2440 Chastity Way, Knoxville, TN, 37909 offers a 6.83% rental yield on a $299,900 purchase with $1,706/mo rent. 83% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 96.81% and total cumulative return in cash at $96,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,706/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37909, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,723 (100%) |
| Owner Occupied HU | 3,390 (43.9%) |
| Renter Occupied HU | 3,940 (51.0%) |
| Vacant Housing Units | 393 ( 5.1%) |
| Median Home Value | $333,369 |
| Average Home Value | $373,386 |
Housing Distribution
Address Breakdown
Residential
7,681
Single Family
5,279
Multi-Family
2,402
Businesses
446
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