1540 Marie 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 1540 Marie Dr, Cookeville, TN, 38506 with 5% annual appreciation on a $309,929 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $1,517/mo payment preserves $1,145/mo for cash returns. Annual cash flow comes to $13,736/yr on $102,741 deployed, and return on cash invested reaches 33.28% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,628 alongside rental yield of 11.62%. Five-year ROI measures 174.28% and total cumulative return in cash totals $179,061.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2024
1.39 Acres 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: Heather Skender-Newton • Skender-Newton Realty
Mls Name: UCMLS
Mls ID: #241717