1423 Shadow LnCookevilleTN38501
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1423 Shadow Ln, Cookeville, TN, 38501 in Cookeville is a solid income-producing rental, 8.84% gross yield, $1,980/mo rent, $370/mo net cash flow on a $268,900 buy. DSCR 1.64 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $74,292 and $2,477/yr in principal reduction project a total cumulative return of $125,584.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $370 | $450 |
City averages based on Cookeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,503 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
0.28 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
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
Single Family
Built in 1988
0.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: UCMLS
Mls ID: #242903