308 E Scott 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
Rental property for sale in Knoxville at 308 E Scott Ave, Knoxville, TN, 37917 priced at $399,000 pairs $2,044/mo rent with after a $1,953/mo payment. Total monthly income equals $2,044/mo. Return on cash invested is 16.78% in year one, and rental yield stands at 6.15% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 85.84% and total cumulative return in cash reaches $113,534. For financing, Ziffy Mortgage’s DSCR program evaluates $2,044/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1899
8,250 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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