255 S Gay St #206KnoxvilleTN37902
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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 255 S Gay St #206, Knoxville, TN, 37902 generates $2,176/mo in rent, after a $2,484/mo payment. Total monthly income is $2,176/mo. Return on cash invested sits at 13.86% in year one, and rental yield is 5.15% on a $507,500 entry. Equity gained on principal adds $3,275/yr, while 5% annual appreciation builds toward $140,213 over five years. Five-year ROI reaches 70.12% and total cumulative return in cash sums $117,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,176/mo property income rather than buyer’s personal income.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37902, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,119 (100%) |
| Owner Occupied HU | 361 (17.0%) |
| Renter Occupied HU | 1,456 (68.7%) |
| Vacant Housing Units | 302 (14.3%) |
| Median Home Value | $584,391 |
| Average Home Value | $590,069 |
Housing Distribution
Address Breakdown
Residential
2,101
Single Family
735
Multi-Family
1,366
Businesses
549
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