603 W Main St #305KnoxvilleTN37902
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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 603 W Main St #305, Knoxville, TN, 37902 listed at $564,000 pairs $3,780/mo rent with a $2,761/mo payment to leave $404/mo cash flow. Total monthly income runs $3,780/mo, and annual cash flow reaches $4,852/yr on $185,556 cash to close. Return on cash invested measures 22.67% in year one, and rental yield registers 8.04% at a $564,000 basis. Equity gained on principal adds $3,639/yr, and annual property appreciation at 5% supports $155,823 by year five. Five-year ROI tracks 117.38% and total cumulative return in cash totals $217,813. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,780/mo property income relative to a $2,761/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1930
0.49 Acres 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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Listed by: Melinda Grimac • Alliance Sotheby's Internation
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1279780
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. [Click here for more information](/info/mls-disclaimers/#mls_154)