536 Berlin Dr #187KnoxvilleTN37923
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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 536 Berlin Dr #187, Knoxville, TN, 37923 offers a 10.87% rental yield on a $244,900 purchase with $2,219/mo rent. Total monthly income registers $2,219/mo, and a $1,199/mo payment leaves $753/mo available for distribution. Annual cash flow reaches $9,032/yr on $81,184 to close, and return on cash invested stands at 31.03% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 162.24% and total cumulative return in cash at $131,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,219/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
435.60 sqft lot
$N/A/sqft
No 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
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