The Rowan Plan, Strawberry HillsKnoxvilleTN37924
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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 The Rowan Plan, Strawberry Hills, Knoxville, TN, 37924 priced at $364,900 converts $2,640/mo rent into $366/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $4,388/yr on $120,964 invested. Return on cash invested prints 23.54% in year one, and rental yield reads 8.68% against a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,815 by year five. Five-year ROI reaches 122.35% and total cumulative return in cash sums $147,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$90 monthly 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
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