445 Hancock Rd NEClevelandTN37323
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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 445 Hancock Rd NE, Cleveland, TN, 37323 priced at $289,900 converts $2,051/mo rent into $316/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,051/mo, and annual cash flow totals $3,786/yr on $96,102 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 8.49% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 123.73% and total cumulative return in cash sums $118,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,051/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.71 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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