1864 Gate Tower Way NEClevelandTN37312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cleveland at 1864 Gate Tower Way NE, Cleveland, TN, 37312 offers $1,716/mo rent that, after a $1,336/mo payment, leaves $82/mo cash flow. Total monthly income is $1,716/mo, and annual cash flow is $984/yr on $90,500 cash. Return on cash invested measures 21% in year one, and rental yield stands at 7.54% at a $273,000 entry. Equity gained on principal adds $1,762/yr while 5% annual appreciation compounds into $75,425 by year five. Five-year ROI records 108.39% and total cumulative return in cash reaches $98,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,716/mo property income versus a $1,336/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2016
5,227 sqft 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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Listed by: Jennifer Douglass • K W Cleveland
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515823
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