103 Proffitt StCookevilleTN38501
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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 Cookeville at 103 Proffitt St, Cookeville, TN, 38501 uses $102,599 cash to close to unlock $1,526/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,515/mo payment keeps the spread at $127/mo. Purchase price stands at $309,500, and rental yield measures 7.68% with $1,980/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $85,509 over five years. Five-year ROI reaches 110.58% and total cumulative return in cash records $113,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,515/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38501, Cookeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,090 (100%) |
| Owner Occupied HU | 8,910 (44.4%) |
| Renter Occupied HU | 9,181 (45.7%) |
| Vacant Housing Units | 1,999 ( 10.0%) |
| Median Home Value | $314,239 |
| Average Home Value | $373,460 |
Housing Distribution
Address Breakdown
Residential
18,524
Single Family
17,163
Multi-Family
1,361
Businesses
1,899
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Listed by: Elijah Castelli • Elevate Real Estate
Mls Name: UCMLS
Mls ID: #239889