481 Broome Rd APT 309KnoxvilleTN37909
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 481 Broome Rd APT 309, Knoxville, TN, 37909 in Knoxville earns a 10.66% gross yield at $229,700. Rent of $2,040/mo nets $415/mo after the $1,033/mo mortgage. The 1.97 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $63,462 and $2,116/yr in equity accumulation project a total cumulative return of $129,715.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $415 | $450 |
City averages based on Knoxville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $1,284 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
3.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37909, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,723 (100%) |
| Owner Occupied HU | 3,390 (43.9%) |
| Renter Occupied HU | 3,940 (51.0%) |
| Vacant Housing Units | 393 ( 5.1%) |
| Median Home Value | $333,369 |
| Average Home Value | $373,386 |
Housing Distribution
Address Breakdown
Residential
7,681
Single Family
5,279
Multi-Family
2,402
Businesses
446
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
Condo
Built in 1978
3.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37909, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,723 (100%) |
| Owner Occupied HU | 3,390 (43.9%) |
| Renter Occupied HU | 3,940 (51.0%) |
| Vacant Housing Units | 393 ( 5.1%) |
| Median Home Value | $333,369 |
| Average Home Value | $373,386 |
Housing Distribution
Address Breakdown
Residential
7,681
Single Family
5,279
Multi-Family
2,402
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices