147 Penny Hill Ln 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 147 Penny Hill Ln NE, Cleveland, TN, 37312 at $335,000 posts ROI 22.96% with $282/mo cash flow from $2,288/mo rent. Total monthly income equals $2,288/mo, and annual cash flow records $3,387/yr on $111,053 to close. Return on cash invested measures 22.96% and rental yield reads 8.2% at the current $335,000. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 by year five. Five-year ROI prints 118.97% and total cumulative return in cash totals $132,116.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,288/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2015
0.61 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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