2408 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
Total monthly income runs $1,856/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 3.71% with $1,856/mo rent. Return on cash invested shows 9.51% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 46.81% and total cumulative return in cash records $92,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 2011
3.50 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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