338 Martin Dr NWClevelandTN37311
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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 338 Martin Dr NW, Cleveland, TN, 37311 priced at $394,900 converts $1,940/mo rent into after a $1,933/mo obligation. Total monthly income equals $1,940/mo. Return on cash invested prints 16.02% in year one, and rental yield reads 5.9% against a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,104 by year five. Five-year ROI reaches 81.72% and total cumulative return in cash sums $106,979. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.33 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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