167 Parragon RdCookevilleTN38506
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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 167 Parragon Rd, Cookeville, TN, 38506 priced at $1,395,000 converts $4,267/mo rent into after a $6,828/mo obligation. Total monthly income equals $4,267/mo. Return on cash invested prints 9.53% in year one, and rental yield reads 3.67% against a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation compiles into $385,413 by year five. Five-year ROI reaches 46.8% and total cumulative return in cash sums $211,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,267/mo property income covering a $6,828/mo payment, not borrower’s personal income.
Single Family
Built in 2018
10.16 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: Kayla Wooley-Dillon • eXp Realty
Mls Name: UCMLS
Mls ID: #236528