8926 Wesley PlKnoxvilleTN37922
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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 8926 Wesley Pl, Knoxville, TN, 37922 uses $119,307 cash to close to unlock $8,125/yr annual cash flow and $677/mo monthly cash flow. Total monthly income runs $2,832/mo, and a $1,762/mo payment keeps the spread at $677/mo. Purchase price stands at $359,900, and rental yield measures 9.44% with $2,832/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 139.14% and total cumulative return in cash records $165,998. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,832/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1985
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37922, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,926 (100%) |
| Owner Occupied HU | 12,993 (76.8%) |
| Renter Occupied HU | 2,980 (17.6%) |
| Vacant Housing Units | 953 ( 5.6%) |
| Median Home Value | $552,603 |
| Average Home Value | $623,962 |
Housing Distribution
Address Breakdown
Residential
16,382
Single Family
15,541
Multi-Family
841
Businesses
1,315
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