6618/6620 Johnbo WayKnoxvilleTN37931
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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 6618/6620 Johnbo Way, Knoxville, TN, 37931 generates $2,970/mo in rent, after a $3,084/mo payment. Total monthly income is $2,970/mo. Return on cash invested sits at 15.42% in year one, and rental yield is 5.66% on a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 78.48% and total cumulative return in cash sums $162,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,970/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
3,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37931, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 10,536 (75.4%) |
| Renter Occupied HU | 2,898 (20.7%) |
| Vacant Housing Units | 534 ( 3.8%) |
| Median Home Value | $378,506 |
| Average Home Value | $404,044 |
Housing Distribution
Address Breakdown
Residential
13,881
Single Family
12,775
Multi-Family
1,106
Businesses
384
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