8701 Olde Colony Trl APT 62KnoxvilleTN37923
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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 8701 Olde Colony Trl APT 62, Knoxville, TN, 37923 uses $122,655 cash to close to unlock $7,981/yr annual cash flow and $665/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,811/mo payment keeps the spread at $665/mo. Purchase price stands at $370,000, and rental yield measures 9.34% with $2,880/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 137.5% and total cumulative return in cash records $168,653. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1977
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37923, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,210 (100%) |
| Owner Occupied HU | 7,896 (51.9%) |
| Renter Occupied HU | 6,400 (42.1%) |
| Vacant Housing Units | 914 ( 6.0%) |
| Median Home Value | $371,019 |
| Average Home Value | $410,246 |
Housing Distribution
Address Breakdown
Residential
14,208
Single Family
10,949
Multi-Family
3,259
Businesses
883
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