2401/2403 Rodney Dr SEClevelandTN37323
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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 2401/2403 Rodney Dr SE, Cleveland, TN, 37323 earns $537/mo cash flow from $2,280/mo rent with a $1,425/mo payment. Total monthly income totals $2,280/mo, and annual cash flow totals $6,445/yr on $96,541 capital. ROI tracks 26.58% on current figures, and rental yield reads 9.39% at a $291,225 purchase. Equity gained on principal adds $1,879/yr, and 5% annual appreciation supports $80,460 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash sums $133,625. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Multi Family
Built in 1987
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37323, Cleveland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,311 (100%) |
| Owner Occupied HU | 10,088 (75.8%) |
| Renter Occupied HU | 2,434 (18.3%) |
| Vacant Housing Units | 789 ( 5.9%) |
| Median Home Value | $271,581 |
| Average Home Value | $302,382 |
Housing Distribution
Address Breakdown
Residential
12,682
Single Family
12,563
Multi-Family
119
Businesses
318
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