Under $200K Investment Properties for Sale in Cleveland, TN
561- 3 Bed
- 1 Bath
- 924 sft
177- 3 Bed
- 2 Bath
- 1056 sft
401- 2 Bed
- 1 Bath
- 960 sft
237- 2 Bed
- 1 Bath
- 960 sft
Why Invest in Cleveland, Tennessee?
Cleveland, TN offers strong investment potential in homes under $200k, particularly in East Cleveland where median listings reach $182.5k. Affordable entry points combine with job growth from expansions like SK Food Group (800+ jobs) and Formulated Solutions (524 jobs). Rental demand benefits from renter-occupied rates around 35%, with average rents supporting yields near 8-10%. Annual appreciation of 3-4% and cap rates of 7-9% make these properties cash flow positive for investors. Ongoing developments like Hardwick Farms add long-term value to the market.
Frequently Asked Questions
Yes, particularly in East Cleveland where median listing prices are around $182.5k. These properties offer investor-friendly entry points with strong rental potential. Inventory includes single-family homes suitable for cash-flowing rentals.
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