144 Oak Trace LnCookevilleTN38501
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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 144 Oak Trace Ln, Cookeville, TN, 38501 uses $41,404 cash to close to unlock $2,756/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $977/mo, and a $611/mo payment keeps the spread at $230/mo. Purchase price stands at $124,900, and rental yield measures 9.39% with $977/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 138.3% and total cumulative return in cash records $57,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $977/mo property income covering a $611/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
1.21 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: Tammy Price • Tri-star Real Estate & Auction Co.,
Mls Name: UCMLS
Mls ID: #239051