Mitchell Townhome Plan, Belcourt LandingClevelandTN37312
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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 Mitchell Townhome Plan, Belcourt Landing, Cleveland, TN, 37312 priced at $269,990 converts $2,566/mo rent into $950/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $11,403/yr on $89,502 invested. Return on cash invested prints 32.65% in year one, and rental yield reads 11.4% against a $269,990 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,593 by year five. Five-year ROI reaches 170.94% and total cumulative return in cash sums $152,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No 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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