1398 Shipley RdCookevilleTN38501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1398 Shipley Rd, Cookeville, TN, 38501 at $145,000 posts ROI 25.94% with $242/mo cash flow from $1,110/mo rent. Total monthly income equals $1,110/mo, and annual cash flow records $2,901/yr on $48,068 to close. Return on cash invested measures 25.94% and rental yield reads 9.19% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 134.98% and total cumulative return in cash totals $64,880.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,110/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1989
0.64 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: Kelly Morgan • The Realty Firm
Mls Name: UCMLS
Mls Provider:
Mls ID: #223662
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