416 S Gay St APT 303KnoxvilleTN37902
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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 416 S Gay St APT 303, Knoxville, TN, 37902 generates $3,780/mo in rent, after a $5,629/mo payment. Total monthly income is $3,780/mo. Return on cash invested sits at 10.37% in year one, and rental yield is 3.94% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 51.33% and total cumulative return in cash sums $191,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,780/mo property income rather than buyer’s personal income.
Condo
Built in 1905
1,742 sqft 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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