2860 McDaris Cir 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 2860 McDaris Cir SE, Cleveland, TN, 37323 uses $88,842 cash to close to unlock $4,949/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $2,017/mo, and a $1,312/mo payment keeps the spread at $412/mo. Purchase price stands at $268,000, and rental yield measures 9.03% with $2,017/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 132.49% and total cumulative return in cash records $117,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,017/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.30 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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