8869 Lennox View WayKnoxvilleTN37923
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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 8869 Lennox View Way, Knoxville, TN, 37923 earns from $1,902/mo rent with a $1,786/mo payment. Total monthly income totals $1,902/mo. ROI tracks 15.22% on current figures, and rental yield reads 6.25% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 78.15% and total cumulative return in cash sums $94,555. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,902/mo property income instead of your personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
$190 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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Listed by: Peyton Cherry • Keller Williams Signature
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1310077
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.