853 Berry Basket DrKnoxvilleTN37924
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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 853 Berry Basket Dr, Knoxville, TN, 37924 priced at $412,000 converts $2,640/mo rent into $83/mo cash flow after a $2,017/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $999/yr on $136,578 invested. Return on cash invested prints 20.64% in year one, and rental yield reads 7.69% against a $412,000 entry. Equity gained on principal adds $2,659/yr, while 5% annual appreciation compiles into $113,828 by year five. Five-year ROI reaches 106.8% and total cumulative return in cash sums $145,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,017/mo payment, not borrower’s personal income.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$90 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37924, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,392 (73.1%) |
| Renter Occupied HU | 1,233 (20.5%) |
| Vacant Housing Units | 382 ( 6.4%) |
| Median Home Value | $338,510 |
| Average Home Value | $374,341 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,709
Multi-Family
327
Businesses
331
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Listed by: Valerie A Thompson • Redfin
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1314003
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.