427 Minnis Rd NE UNIT 2DClevelandTN37323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 427 Minnis Rd NE UNIT 2D, Cleveland, TN, 37323 generates $2,280/mo in rent and, after a $1,204/mo payment, leaves $722/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $8,669/yr on $81,549 invested. Return on cash invested sits at 30.54% in year one, and rental yield is 11.12% on a $246,000 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation builds toward $67,965 over five years. Five-year ROI reaches 160.06% and total cumulative return in cash sums $130,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
3,484 sqft lot
$N/A/sqft
$85 monthly 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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Nearby investment properties with comparable prices
Listed by: Eric Landrum • The Group Real Estate Brokerage
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516175
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS