1114 Tanasi TrlCookevilleTN38506
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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 Cookeville at 1114 Tanasi Trl, Cookeville, TN, 38506 priced at $387,000 converts $1,080/mo rent into after a $1,894/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 8.34% in year one, and rental yield reads 3.35% against a $387,000 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation compiles into $106,921 by year five. Five-year ROI reaches 40.56% and total cumulative return in cash sums $52,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $1,894/mo payment, not borrower’s personal income.
Single Family
Built in 1977
3.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38506, Cookeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,732 (100%) |
| Owner Occupied HU | 9,566 (69.7%) |
| Renter Occupied HU | 3,241 (23.6%) |
| Vacant Housing Units | 925 ( 6.7%) |
| Median Home Value | $318,155 |
| Average Home Value | $357,210 |
Housing Distribution
Address Breakdown
Residential
13,205
Single Family
12,960
Multi-Family
245
Businesses
699
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Listed by: Chad Crouch • Highlands Elite Real Estate LLC
Mls Name: UCMLS
Mls ID: #238799