8703 Olde Colony Trl APT 50KnoxvilleTN37923
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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 8703 Olde Colony Trl APT 50, Knoxville, TN, 37923 earns $1,153/mo cash flow from $2,634/mo rent with a $1,122/mo payment. Total monthly income totals $2,634/mo, and annual cash flow totals $13,832/yr on $76,013 capital. ROI tracks 38.11% on current figures, and rental yield reads 13.78% at a $229,300 purchase. Equity gained on principal adds $1,480/yr, and 5% annual appreciation supports $63,351 over five years. Five-year ROI reaches 200.8% and total cumulative return in cash sums $152,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,634/mo property income instead of your personal income.
Condo
Built in 1976
1,030 sqft lot
$N/A/sqft
$109 monthly 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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