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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Cleveland, TN
Listed for sale 6 days ago
$ 385,000
ROI
23.3
Cash Flow/m
380- 3 Bed
- 3 Bath
- 2554 sft
9 Acorn Ln NE, Cleveland, TN, 37312
$ 259,900
ROI
22.6Cash Flow/m
204- 2 Bed
- 2 Bath
- 1009 sft
4470 Keith St NW #401, Cleveland, TN, 37312
$ 259,900
ROI
22.6Cash Flow/m
204- 2 Bed
- 2 Bath
- 1009 sft
4470 Keith St NW #402, Cleveland, TN, 37312
$ 259,900
ROI
22.6Cash Flow/m
204- 2 Bed
- 2 Bath
- 1009 sft
4470 Keith St NW #403, Cleveland, TN, 37312
Why Invest in Cleveland, Tennessee?
Cleveland, TN offers strong investment potential in the condo market, driven by job growth and housing demand. New manufacturing facilities are adding over 1,400 jobs, boosting rental demand. Expect solid **rental yields** around 7-8% with **cap rates** near 6-7%. Annual appreciation holds steady at 3-4%, supported by population influx. Renter-occupied units exceed 35%, ensuring stable cash flow for condo investors. Low entry prices relative to regional growth make this timely.
9.5%
Avg. ROI
7.8%
Rental Yield
6.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Yes, with renter occupancy over 35% and yields around 7-8%, condos benefit from job-driven demand. New employers ensure tenant stability. Low vacancy supports consistent cash flow.
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