1005 Drive D.
About This Property
For a house this size, the yard does the heavy lifting. A gardener can start seedlings early in the greenhouse and keep tomatoes and herbs going into the cooler months, and the flat, open ground has room for raised beds, a cookout or pets to roam. The shed holds tools, lawn equipment and hobby supplies, so the house stays clear.
The house itself is small and easy to care for, with two bedrooms, one full bath and a simple floor plan. New flooring and a clean interior mean fewer projects on day one, and a few light updates would let the
next owner add their own style. The level ground makes the whole yard easy to use. It suits a first home, a smaller household or anyone scaling down who still wants a real yard.
The home is in the 37920 area of South Knoxville, with Downtown Knoxville, the University of Tennessee and Interstate 40 all part of the surrounding area, along with everyday shopping and dining.
Some images have been AI-staged to assist with visualization and may not represent actual furnishings or finishes.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$194,900
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by Stephenson Realty & Auction | $199,900 | |
| Listed by Stephenson Realty & Auction | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017