368 Bellingham 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 368 Bellingham Dr NE, Cleveland, TN, 37312 offers $1,740/mo rent that, after a $1,206/mo payment, leaves $180/mo cash flow. Total monthly income is $1,740/mo, and annual cash flow is $2,160/yr on $81,682 cash. Return on cash invested measures 22.55% in year one, and rental yield stands at 8.47% at a $246,400 entry. Equity gained on principal adds $1,590/yr while 5% annual appreciation compounds into $68,076 by year five. Five-year ROI records 117.27% and total cumulative return in cash reaches $95,792. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $1,206/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
2,613 sqft lot
$N/A/sqft
$85 monthly 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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Listed by: Tia Griffin • The Group Real Estate Brokerage
Mls Name: RCAR
Mls Provider:
Mls ID: #20252358
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the River Counties Multiple Listing Service, Inc. Copyright 2025. All rights reserved Data is updated as of 2025-05-28 07:25:35 PDT. Some properties, which appear for sale on this web site, may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advised interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings displayed may not belong to the firm whose website is being visited The information provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.