Under $500K Investment Properties for Sale in Cleveland, TN
586- 2 Bed
- 3 Bath
- 1360 sft
565- 3 Bed
- 2 Bath
- 1261 sft
71- 3 Bed
- 3 Bath
- 1909 sft
113- 3 Bed
- 3 Bath
- 1743 sft
Why Invest in Cleveland, Tennessee?
Cleveland, TN offers strong investment potential in properties under $500k, with median home prices around $300k providing accessible entry points. Rental yields average 7-8% due to steady demand from manufacturing growth and new job creation. Annual appreciation holds at 3-4%, supported by population influx and infrastructure upgrades. Cash flow remains positive at $400+ monthly for typical single-family rentals under budget. Renter occupancy exceeds 40%, bolstered by low vacancy and expanding employment hubs.
Frequently Asked Questions
Yes, with median prices near $300k, under-$500k homes offer strong cap rates around 8% and positive cash flow. Growing jobs and low vacancy enhance returns. Focus on North Lee Highway for new construction opportunities.
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