503 Mitchell DrKnoxvilleTN37912
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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 503 Mitchell Dr, Knoxville, TN, 37912 priced at $299,999 pairs $1,920/mo rent with $125/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $1,494/yr on $99,450 invested. Return on cash invested is 21.41% in year one, and rental yield stands at 7.68% on a $299,999 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 110.65% and total cumulative return in cash reaches $110,040. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
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