309 Lyke RdKnoxvilleTN37924
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 309 Lyke Rd, Knoxville, TN, 37924 offers $1,986/mo rent that, after a $1,444/mo payment, leaves $220/mo cash flow. Total monthly income is $1,986/mo, and annual cash flow is $2,640/yr on $97,793 cash. Return on cash invested measures 22.61% in year one, and rental yield stands at 8.08% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 117.04% and total cumulative return in cash reaches $114,458. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,986/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.45 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices