Hanover Plan, SonestaKnoxvilleTN37932
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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
Rental property for sale in Knoxville at Hanover Plan, Sonesta, Knoxville, TN, 37932 priced at $412,990 converts $3,883/mo rent into $1,411/mo cash flow after a $2,021/mo obligation. Total monthly income equals $3,883/mo, and annual cash flow totals $16,934/yr on $136,906 invested. Return on cash invested prints 32.28% in year one, and rental yield reads 11.28% against a $412,990 entry. Equity gained on principal adds $2,665/yr, while 5% annual appreciation compiles into $114,102 by year five. Five-year ROI reaches 168.93% and total cumulative return in cash sums $231,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,883/mo property income covering a $2,021/mo payment, not borrower’s personal income.
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
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