708 Chambers WayKnoxvilleTN37920
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 708 Chambers Way, Knoxville, TN, 37920 priced at $440,000 converts $2,581/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,581/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 7.04% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 100.23% and total cumulative return in cash sums $146,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,581/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Condo
Built in 2000
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37920, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,325 (100%) |
| Owner Occupied HU | 12,056 (56.5%) |
| Renter Occupied HU | 7,183 (33.7%) |
| Vacant Housing Units | 2,086 ( 9.8%) |
| Median Home Value | $321,575 |
| Average Home Value | $381,042 |
Housing Distribution
Address Breakdown
Residential
20,256
Single Family
18,456
Multi-Family
1,800
Businesses
895
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices