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Values Hold at $300K, 40 Rentals Deep
Updated 12 days ago • 17 new comps
Your Investment Paths
Turnkey Rental
The rent potential for this property is strong, with estimated monthly income ranging from $1,955 to $2,182. Based on current market data, this range reflects a competitive return for single-family rentals in the Knoxville area. This investment offers an attractive yield of approximately 8.71%, supported by steady local appreciation. With a median market rent of $2,021, the property remains a compelling choice for investors seeking reliable cash flow and long-term growth.
More about this home
Neighborhood Assessment
The Norwood neighborhood offers solid fundamentals with good schools nearby—Powell High School ranks 5 out of 5, and Norwood Elementary is a 4-star option. Comps in this pocket of Knoxville run $232K–$303K for similar 3-bed homes. Your 1,560 sq ft property sits comfortably at $285K with reasonable price-per-sqft metrics. The area shows stable market activity and modest appreciation trends, making it a solid residential pocket rather than a hot speculation play.
Market Activity
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Rental Income
$25K
Yield
8.7%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a more appealing, move-in-ready space that resonates with buyers. With updated properties reaching $206 per square foot versus the $201 baseline, these improvements boost your property’s value by roughly 2.6 percent. Modernizing your space increases sell potential up to $335,000 and optimizes rent potential to $2,017. These investments unlock higher market interest, creating a more competitive, desirable home that stands out and offers a premium living experience.
Value Add
$8K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $303,000 and $335,000. These figures align well with neighborhood trends, offering a clear path to building equity through strategic updates and modern interior improvements. Annual rental income is projected at $24,204, delivering a stable 7.6% yield. This reliable cash flow makes the asset an attractive long-term hold, particularly for investors focused on balancing steady monthly returns with moderate market appreciation.
Rental Income
$24K
Yield
7.6%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$285K
$14.9K below comp median
Comparative Market Analysis
$220K – $400K
~55 days to sell
Based on 8 comps
2320 Laramie Dr, Knoxville Investment Report: Flip & Rental Analysis · Frontflip