462 Corvin 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
Investment property for sale in Cleveland at 462 Corvin Rd NE, Cleveland, TN, 37323 uses $97,793 cash to close to unlock $756/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $1,444/mo payment keeps the spread at $63/mo. Purchase price stands at $295,000, and rental yield measures 7.44% with $1,829/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 106.71% and total cumulative return in cash records $104,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.78 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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