3406 Mynatt Rd LOT 116KnoxvilleTN37918
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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 3406 Mynatt Rd LOT 116, Knoxville, TN, 37918 offers a 9.3% rental yield on a $100,499 purchase with $779/mo rent. Total monthly income registers $779/mo, and a $492/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,127/yr on $33,315 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $649/yr while 5% annual appreciation supports $27,766 over five years. Portfolio math shows five-year ROI at 136.92% and total cumulative return in cash at $45,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $779/mo property income against a $492/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37918, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,018 (100%) |
| Owner Occupied HU | 14,239 (67.7%) |
| Renter Occupied HU | 5,803 (27.6%) |
| Vacant Housing Units | 976 ( 4.6%) |
| Median Home Value | $329,168 |
| Average Home Value | $356,874 |
Housing Distribution
Address Breakdown
Residential
20,467
Single Family
19,535
Multi-Family
932
Businesses
1,062
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