220 Gale Dr NWClevelandTN37312
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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 220 Gale Dr NW, Cleveland, TN, 37312 uses $65,969 cash to close to unlock $5,097/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,616/mo, and a $974/mo payment keeps the spread at $425/mo. Purchase price stands at $199,000, and rental yield measures 9.74% with $1,616/mo rent. Return on cash invested shows 27.64% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 144.02% and total cumulative return in cash records $95,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,616/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.34 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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Listed by: Stacy Flowers • Weichert REALTORS - SEM Associates -Cleveland
Mls Name: RCAR
Mls Provider:
Mls ID: #20252909
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the River Counties Multiple Listing Service, Inc. Copyright 2025. All rights reserved Data is updated as of 2025-06-30 07:05:03 PDT. Some properties, which appear for sale on this web site, may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advised interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings displayed may not belong to the firm whose website is being visited The information provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.