505 Union Ave APT 202KnoxvilleTN37902
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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 505 Union Ave APT 202, Knoxville, TN, 37902 earns from $1,368/mo rent with a $1,590/mo payment. Total monthly income totals $1,368/mo. ROI tracks 13.48% on current figures, and rental yield reads 5.05% at a $324,900 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 over five years. Five-year ROI reaches 68.15% and total cumulative return in cash sums $73,397. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,368/mo property income instead of your personal income.
Condo
Built in 1930
N/A 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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