139 Covington Dr NEClevelandTN37312
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cleveland at 139 Covington Dr NE, Cleveland, TN, 37312 at $365,000 posts ROI 21.77% with $188/mo cash flow from $2,372/mo rent. Total monthly income equals $2,372/mo, and annual cash flow records $2,250/yr on $120,998 to close. Return on cash invested measures 21.77% and rental yield reads 7.8% at the current $365,000. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 by year five. Five-year ROI prints 112.56% and total cumulative return in cash totals $136,195.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,372/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37312, Cleveland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,186 (100%) |
| Owner Occupied HU | 9,889 (61.1%) |
| Renter Occupied HU | 5,468 (33.8%) |
| Vacant Housing Units | 829 ( 5.1%) |
| Median Home Value | $308,973 |
| Average Home Value | $393,088 |
Housing Distribution
Address Breakdown
Residential
15,483
Single Family
14,888
Multi-Family
595
Businesses
1,013
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