9035 Rocky Ridge Way #9035KnoxvilleTN37924
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Knoxville at 9035 Rocky Ridge Way #9035, Knoxville, TN, 37924 generates $2,788/mo in rent and, after a $1,659/mo payment, leaves $759/mo in cash flow. Total monthly income is $2,788/mo, and annual cash flow is $9,107/yr on $112,379 invested. Return on cash invested sits at 28.01% in year one, and rental yield is 9.87% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 146.03% and total cumulative return in cash sums $164,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,788/mo property income rather than buyer’s personal income.
Condo
Built in 2005
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37924, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,392 (73.1%) |
| Renter Occupied HU | 1,233 (20.5%) |
| Vacant Housing Units | 382 ( 6.4%) |
| Median Home Value | $338,510 |
| Average Home Value | $374,341 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,709
Multi-Family
327
Businesses
331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices