1138 Cross Pointe DrCookevilleTN38506
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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 1138 Cross Pointe Dr, Cookeville, TN, 38506 listed at $399,900 pairs $2,160/mo rent with a $1,957/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 17.79% in year one, and rental yield registers 6.48% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 91.26% and total cumulative return in cash totals $120,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
6,969 sqft 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: #240684