608 E Grinnell CirKnoxvilleTN37924
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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
Rental property for sale in Knoxville at 608 E Grinnell Cir, Knoxville, TN, 37924 offers $2,724/mo rent that, after a $2,496/mo payment. Total monthly income is $2,724/mo. Return on cash invested measures 17.71% in year one, and rental yield stands at 6.41% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 90.76% and total cumulative return in cash reaches $152,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,724/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37924, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,392 (73.1%) |
| Renter Occupied HU | 1,233 (20.5%) |
| Vacant Housing Units | 382 ( 6.4%) |
| Median Home Value | $338,510 |
| Average Home Value | $374,341 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,709
Multi-Family
327
Businesses
331
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