3010 Pine Dr NEClevelandTN37312
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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 3010 Pine Dr NE, Cleveland, TN, 37312 generates $2,852/mo in rent and, after a $1,463/mo payment, leaves $1,063/mo in cash flow. Total monthly income is $2,852/mo, and annual cash flow is $12,751/yr on $99,119 invested. Return on cash invested sits at 32.77% in year one, and rental yield is 11.45% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 171.57% and total cumulative return in cash sums $170,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,852/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.25 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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