2405 Spring Creek Blvd NEClevelandTN37311
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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
Rental property for sale in Cleveland at 2405 Spring Creek Blvd NE, Cleveland, TN, 37311 generates $1,577/mo in rent, after a $1,517/mo payment. Total monthly income is $1,577/mo. Return on cash invested sits at 16.66% in year one, and rental yield is 6.11% on a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 85.14% and total cumulative return in cash sums $87,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,577/mo property income rather than buyer’s personal income.
Townhouse
Built in 2009
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37311, Cleveland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,772 (100%) |
| Owner Occupied HU | 5,406 (42.3%) |
| Renter Occupied HU | 6,343 (49.7%) |
| Vacant Housing Units | 1,023 ( 8.0%) |
| Median Home Value | $280,867 |
| Average Home Value | $365,154 |
Housing Distribution
Address Breakdown
Residential
12,231
Single Family
11,132
Multi-Family
1,099
Businesses
1,317
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