654 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
Investment property for sale in Cleveland at 654 Bellingham Dr NE, Cleveland, TN, 37312 listed at $250,000 pairs $1,618/mo rent with a $1,224/mo payment to leave $36/mo cash flow. Total monthly income runs $1,618/mo, and annual cash flow reaches $433/yr on $82,875 cash to close. Return on cash invested measures 20.43% in year one, and rental yield registers 7.77% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 105.89% and total cumulative return in cash totals $87,754. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,618/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2022
3,049 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: Darren Miller • EXP Realty LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516978
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