812 Blue Spruce Way #5KnoxvilleTN37912
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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 812 Blue Spruce Way #5, Knoxville, TN, 37912 generates $2,168/mo in rent and, after a $1,223/mo payment, leaves $672/mo in cash flow. Total monthly income is $2,168/mo, and annual cash flow is $8,066/yr on $82,842 invested. Return on cash invested sits at 29.65% in year one, and rental yield is 10.41% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 154.84% and total cumulative return in cash sums $128,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,168/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
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