1688 Farmington DrCookevilleTN38501
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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 1688 Farmington Dr, Cookeville, TN, 38501 offers a 7.63% rental yield on a $400,000 purchase with $2,543/mo rent. Total monthly income registers $2,543/mo, and a $1,958/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,780/yr on $132,600 to close, and return on cash invested stands at 21.25% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 109.79% and total cumulative return in cash at $145,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,543/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
N/A 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: Ali Olsen • Real Estate Professionals of TN
Mls Name: UCMLS
Mls ID: #239109