510 Canberra DrKnoxvilleTN37923
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
Investment Highlights
Investment property for sale in Knoxville at 510 Canberra Dr, Knoxville, TN, 37923 uses $67,958 cash to close to unlock $4,227/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $1,003/mo payment keeps the spread at $352/mo. Purchase price stands at $205,000, and rental yield measures 10.56% with $1,804/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 137.41% and total cumulative return in cash records $93,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1975
435.60 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37923, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,210 (100%) |
| Owner Occupied HU | 7,896 (51.9%) |
| Renter Occupied HU | 6,400 (42.1%) |
| Vacant Housing Units | 914 ( 6.0%) |
| Median Home Value | $371,019 |
| Average Home Value | $410,246 |
Housing Distribution
Address Breakdown
Residential
14,208
Single Family
10,949
Multi-Family
3,259
Businesses
883
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Crystal Freeman • Wallace
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1308576
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.