460 8th St 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
Total monthly income runs $1,592/mo, and a $1,629/mo payment. Purchase price stands at $332,900, and rental yield measures 5.74% with $1,592/mo rent. Return on cash invested shows 15.55% in year one, and 5% annual appreciation builds toward $91,974 over five years. Five-year ROI reaches 79.24% and total cumulative return in cash records $87,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,592/mo property income covering a $1,629/mo payment rather than investor’s personal income.
Single Family
Built in 1924
6,534 sqft 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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