Top 10 Tennessee Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Tennessee rental listings from Zillow ranked by cash-on-cash return—Cleveland, Nashville, Murfreesboro, and Franklin with Realy metrics and investor notes.
These ten listings were pulled from Tennessee Zillow markets (Cleveland, Unionville, Benton, Nashville, Murfreesboro, Franklin, Apison) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension—highest CoC first.
Tennessee shows three positive CoC listings—led by a sub-$100K Cleveland deal—while Nashville and Franklin suburbs turn negative under lean assumptions.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 6308 N Lee Hwy | $99,000 | 3 / 2 | 56.5% | 17.9% | $979 | $1,645 |
| 2 | 399 Thompson Rd | $274,900 | 3 / 2 | 2.4% | 6.6% | $115 | $1,963 |
| 3 | 326 McClure Rd | $339,900 | 4 / 3 | 0.4% | 6.2% | $25 | $2,310 |
| 4 | 3116 Cloverwood Dr | $399,999 | 4 / 3 | −1.5% | 5.8% | −$106 | $2,583 |
| 5 | 2417 Crosspark Dr | $499,999 | 5 / 4 | −1.5% | 5.8% | −$134 | $3,228 |
| 6 | 4314 Brush Creek Ct | $574,900 | 5 / 3 | −7.5% | 4.5% | −$750 | $3,115 |
| 7 | 242 Thorne Cir SE | $339,900 | 3 / 2 | −9.6% | 4.1% | −$570 | $1,715 |
| 8 | 1343 Brown Ave NW | $375,000 | 3 / 2 | −10.7% | 3.8% | −$699 | $1,822 |
| 9 | 110 Pebble View Dr | $1,107,000 | 4 / 3 | −12.2% | 3.5% | −$2,358 | $5,085 |
| 10 | 111 Carolina Ln NE | $625,000 | 4 / 3 | −14.9% | 2.9% | −$1,628 | $2,574 |
#1 — 6308 N Lee Hwy, Cleveland TN 37312
Single family · 3 bed / 2 bath · 1,353 sqft · $99,000
| Metric | Value |
|---|---|
| Cash-on-cash | 56.5% |
| Cap rate | 17.9% |
| Monthly cash flow | $979 |
| Total cash down | $20,790 |
Why it ranks #1: Sub-$100K basis with $1,645/mo rent—Zestimate ~$230K vs. $99K list.
Investor notes: Coming soon / 7 days on Zillow. Large Zestimate gap—verify condition, liens, and why price is so low before treating yield as underwritable.
#2 — 399 Thompson Rd, Unionville TN 37180
Single family · 3 bed / 2 bath · 1,700 sqft · $274,900
| Metric | Value |
|---|---|
| Cash-on-cash | 2.4% |
| Cap rate | 6.6% |
| Monthly cash flow | $115 |
| Total cash down | $57,729 |
Investor notes: 5.36-acre lot. Showcase listing. Thin margin—vacancy erase CoC.
#3 — 326 McClure Rd, Benton TN 37307
Manufactured · 4 bed / 3 bath · 2,280 sqft · $339,900
| Metric | Value |
|---|---|
| Cash-on-cash | 0.4% |
| Cap rate | 6.2% |
| Monthly cash flow | $25 |
Investor notes: Manufactured home on 5.22 acres. Nearly breakeven—confirm financing and insurance differences vs. SFR.
#4 — 3116 Cloverwood Dr, Nashville TN 37214
Single family · 4 bed / 3 bath · 2,240 sqft · $399,999
| Metric | Value |
|---|---|
| Cash-on-cash | −1.5% |
| Cap rate | 5.8% |
| Monthly cash flow | −$106 |
Investor notes: Showcase listing. Closest Nashville entry on this screen to breakeven.
#5 — 2417 Crosspark Dr, Murfreesboro TN 37129
Single family · 5 bed / 4 bath · 3,358 sqft · $499,999
| Metric | Value |
|---|---|
| Cash-on-cash | −1.5% |
| Cap rate | 5.8% |
| Monthly cash flow | −$134 |
Investor notes: $49,950 price cut (Jun 30). 34 days on market. Showcase listing.
#6 — 4314 Brush Creek Ct, Apison TN 37302
Single family · 5 bed / 3 bath · 2,858 sqft · $574,900
| Metric | Value |
|---|---|
| Cash-on-cash | −7.5% |
| Cap rate | 4.5% |
| Monthly cash flow | −$750 |
Investor notes: $15K price cut (Jun 19). 88 days on market. Chattanooga suburbs.
#7 — 242 Thorne Cir SE, Cleveland TN 37323
Single family · 3 bed / 2 bath · 1,290 sqft · $339,900
| Metric | Value |
|---|---|
| Cash-on-cash | −9.6% |
| Cap rate | 4.1% |
| Monthly cash flow | −$570 |
#8 — 1343 Brown Ave NW, Cleveland TN 37311
Single family · 3 bed / 2 bath · 2,020 sqft · $375,000
| Metric | Value |
|---|---|
| Cash-on-cash | −10.7% |
| Cap rate | 3.8% |
| Monthly cash flow | −$699 |
Investor notes: Brand-new listing. Zestimate ~$314K vs. $375K list—overpriced signal on automated value.
#9 — 110 Pebble View Dr, Franklin TN 37064
Single family · 4 bed / 3 bath · 3,059 sqft · $1,107,000
| Metric | Value |
|---|---|
| Cash-on-cash | −12.2% |
| Cap rate | 3.5% |
| Monthly cash flow | −$2,358 |
Investor notes: FSBO. Williamson County premium market—appreciation over cash flow.
#10 — 111 Carolina Ln NE, Cleveland TN 37312
Single family · 4 bed / 3 bath · 2,273 sqft · $625,000
| Metric | Value |
|---|---|
| Cash-on-cash | −14.9% |
| Cap rate | 2.9% |
| Monthly cash flow | −$1,628 |
Investor notes: Showcase listing. Price increase noted on listing history—weak rent-to-price.
Tennessee Patterns
| Pattern | Takeaway |
|---|---|
| Sub-$100K outlier | Cleveland #1 dominates—diligence Zestimate gap |
| Near-breakeven middle | #2–5 from +2.4% to −1.5% CoC |
| Franklin premium | #9 deep negative at $1.1M |
| vs. North Carolina | Compare NC top 10 |
Screen Tennessee in Realy
- Install Realy
- Search Nashville, TN or Cleveland / Murfreesboro
- Sort by cash-on-cash in the analyzer
Related: First rental checklist · Ohio top 10