3104 N Broadway St APT C18KnoxvilleTN37917
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
Investment property for sale in Knoxville at 3104 N Broadway St APT C18, Knoxville, TN, 37917 offers a 11.9% rental yield on a $195,500 purchase with $1,939/mo rent. Total monthly income registers $1,939/mo, and a $957/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,823/yr on $64,808 to close, and return on cash invested stands at 30.44% in year one. Equity gained on principal adds $1,262/yr while 5% annual appreciation supports $54,013 over five years. Portfolio math shows five-year ROI at 160.4% and total cumulative return in cash at $103,955. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,939/mo property income against a $957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
$200 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zach Sale • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1301595
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.