8341 Shoregate LnKnoxvilleTN37938
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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 8341 Shoregate Ln, Knoxville, TN, 37938 priced at $599,900 converts $3,325/mo rent into after a $2,936/mo obligation. Total monthly income equals $3,325/mo. Return on cash invested prints -273.3% in year one, and rental yield reads 6.65% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,325/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2010
871.20 sqft lot
$N/A/sqft
$575,800 annually 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: Tausha Price • Elite Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1274320
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. [Click here for more information](/info/mls-disclaimers/#mls_154)