870 Spring Park RdKnoxvilleTN37914
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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 870 Spring Park Rd, Knoxville, TN, 37914 uses $92,820 cash to close to unlock $3,040/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $1,370/mo payment keeps the spread at $253/mo. Purchase price stands at $280,000, and rental yield measures 8.62% with $2,011/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash records $111,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
$82 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37914, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,925 (100%) |
| Owner Occupied HU | 5,926 (59.7%) |
| Renter Occupied HU | 2,954 (29.8%) |
| Vacant Housing Units | 1,045 (10.5%) |
| Median Home Value | $308,045 |
| Average Home Value | $387,599 |
Housing Distribution
Address Breakdown
Residential
9,498
Single Family
8,981
Multi-Family
517
Businesses
723
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Listed by: Cole Liles • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1312125
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.