141 E 15th 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
Rental property for sale in Cookeville at 141 E 15th St, Cookeville, TN, 38501 generates $2,880/mo in rent and, after a $1,777/mo payment, leaves $707/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $8,480/yr on $120,343 invested. Return on cash invested sits at 26.96% in year one, and rental yield is 9.52% on a $363,026 entry. Equity gained on principal adds $2,343/yr, while 5% annual appreciation builds toward $100,297 over five years. Five-year ROI reaches 140.37% and total cumulative return in cash sums $168,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Multi Family
Built in 2011
10,018 sqft 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: Wayne Russell • Highlands Elite Real Estate LLC
Mls Name: UCMLS
Mls ID: #240969