7712 Charmwood WayKnoxvilleTN37938
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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 7712 Charmwood Way, Knoxville, TN, 37938 earns from $2,394/mo rent with a $2,422/mo payment. Total monthly income totals $2,394/mo. ROI tracks 13.7% on current figures, and rental yield reads 5.8% at a $494,900 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,732 over five years. Five-year ROI reaches 70.04% and total cumulative return in cash sums $114,915. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,394/mo property income instead of your personal income.
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
$280 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37938, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,795 (100%) |
| Owner Occupied HU | 6,416 (82.3%) |
| Renter Occupied HU | 952 (12.2%) |
| Vacant Housing Units | 427 ( 5.5%) |
| Median Home Value | $385,516 |
| Average Home Value | $417,120 |
Housing Distribution
Address Breakdown
Residential
7,698
Single Family
7,651
Multi-Family
47
Businesses
401
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Listed by: Mark Bissell • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1302837
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.