947 Micro WayKnoxvilleTN37912
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 947 Micro Way, Knoxville, TN, 37912 in Knoxville at $229,500 earns $1,589/mo in rent and nets $80/mo after the $1,032/mo payment, a 8.31% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $63,407 over five years. Ziffy Mortgage underwrites this on a 1.54 DSCR without U.S. credit history. With $2,114/yr in principal paydown, total projected return reaches $100,694.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $80 | $450 |
City averages based on Knoxville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,589 |
| Total Monthly Debt Service | $1,283 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
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
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37912, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,120 (100%) |
| Owner Occupied HU | 5,658 (50.9%) |
| Renter Occupied HU | 4,755 (42.8%) |
| Vacant Housing Units | 707 ( 6.4%) |
| Median Home Value | $231,754 |
| Average Home Value | $293,619 |
Housing Distribution
Address Breakdown
Residential
10,920
Single Family
9,411
Multi-Family
1,509
Businesses
941
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices