Hanover Plan, Powell MeadowsClevelandTN37323
Nearby investment properties with comparable rents
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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 Hanover Plan, Powell Meadows, Cleveland, TN, 37323 earns $161/mo cash flow from $2,274/mo rent with a $1,728/mo payment. Total monthly income totals $2,274/mo, and annual cash flow totals $1,928/yr on $117,016 capital. ROI tracks 21.56% on current figures, and rental yield reads 7.73% at a $352,990 purchase. Equity gained on principal adds $2,278/yr, and 5% annual appreciation supports $97,525 over five years. Five-year ROI reaches 111.41% and total cumulative return in cash sums $130,373. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,274/mo property income instead of your personal income.
Single Family
Built in 2025
N/A 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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