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2928 Mynatt Rd, Knoxville Investment Report: Flip & Rental Analysis · Frontflip
15
Values up to $459K, rent hits $2,293
Updated 13 days ago • 11 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential with estimated monthly income ranging from $2,123 to $2,406. With an attractive 8.49% yield, it stands out as a solid income-generating asset for investors looking for consistent market returns. The surrounding area reflects a competitive rental market, positioning this home well for steady cash flow. The anticipated appreciation of $871 per month further enhances the long-term value, making this a smart, reliable investment choice.
More about this home
Neighborhood Assessment
This East Knoxville neighborhood on Mynatt Rd presents a stable, established residential area with modest appreciation trends. Comparable properties nearby range from $231K to $308K, positioning this 1,900 sqft home competitively at $320K. The neighborhood shows consistent middle-class character with good school access (Adrian Burnett Elementary rated 7/10 nearby). Environmental risks are moderate—heat and air quality concerns warrant attention, though flood risk remains minimal. The area's fundamentals suggest steady, predictable appreciation rather than explosive growth.
Market Activity
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Rental Income
$27K
Yield
8.5%
Appreciation
$871
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a clear boost to your per-square-foot value. By refreshing the space, you move from the baseline $190 to roughly $199, representing a solid 5% increase that helps your property truly shine. This investment captures strong appeal, pushing potential sale values toward $396,000. While rental income remains stable, these upgrades create a highly attractive, move-in-ready lifestyle that helps your property stand out in a competitive market.
Value Add
$18K
Appreciation
$1K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for value growth, with post-renovation estimates reaching between $358,000 and $396,000. These figures suggest a viable path for equity gain, assuming renovation costs remain aligned with local market standards and square footage. Projected rental income hits $2,161 monthly, delivering a 6.9% yield. This performance offers a stable foundation for a BRR strategy, balancing reliable cash flow with the long-term benefit of property appreciation in a steady market area.
Rental Income
$26K
Yield
6.9%
Appreciation
$1K
Year 1 Estimates, Post Typical Renovation
Estimated value
$320K
$107.5K below comp median
Comparative Market Analysis
$350K – $508K
~25 days to sell
Based on 8 comps