602 Union AveKnoxvilleTN37902
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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 602 Union Ave, Knoxville, TN, 37902 earns from $3,634/mo rent with a $4,777/mo payment. Total monthly income totals $3,634/mo. ROI tracks 11.06% on current figures, and rental yield reads 4.47% at a $976,000 purchase. Equity gained on principal adds $6,298/yr, and 5% annual appreciation supports $269,651 over five years. Five-year ROI reaches 55.36% and total cumulative return in cash sums $177,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,634/mo property income instead of your personal income.
Condo
Built in 1916
435.60 sqft lot
$N/A/sqft
$200 monthly 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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Listed by: Travis Powell • Keller Williams Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1304441
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.