Hanover Plan, SonestaKnoxvilleTN37932
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find Hanover Plan, Sonesta, Knoxville, TN, 37932 in Knoxville hard to pass up. The 11.28% gross yield on a $412,990 purchase results in $3,883/mo in rent and $1,411/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.09). Annual cash flow of $16,932, five-year appreciation of $114,102, and $3,804/yr in equity build-up combine for a projected total cumulative return of $247,071.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.5% |
| Monthly Cash Flow | $1,411 | $450 |
City averages based on Knoxville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,883 |
| Total Monthly Debt Service | $2,308 |
| DSCR Ratio | 1.68x |
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.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37932, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,530 (100%) |
| Owner Occupied HU | 7,217 (62.6%) |
| Renter Occupied HU | 3,418 (29.6%) |
| Vacant Housing Units | 895 ( 7.8%) |
| Median Home Value | $462,779 |
| Average Home Value | $535,608 |
Housing Distribution
Address Breakdown
Residential
10,439
Single Family
8,816
Multi-Family
1,623
Businesses
766
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
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37932, Knoxville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,530 (100%) |
| Owner Occupied HU | 7,217 (62.6%) |
| Renter Occupied HU | 3,418 (29.6%) |
| Vacant Housing Units | 895 ( 7.8%) |
| Median Home Value | $462,779 |
| Average Home Value | $535,608 |
Housing Distribution
Address Breakdown
Residential
10,439
Single Family
8,816
Multi-Family
1,623
Businesses
766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
