1605 Bobby Nichols DrCookevilleTN38506
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 1605 Bobby Nichols Dr, Cookeville, TN, 38506 uses $89,472 cash to close to unlock $6,532/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,321/mo payment keeps the spread at $544/mo. Purchase price stands at $269,900, and rental yield measures 9.6% with $2,160/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 141.77% and total cumulative return in cash records $126,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 2012
5,146 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda England • First Realty Company
Mls Name: UCMLS
Mls ID: #241050