1916 Rivers Edge 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
Rental property for sale in Cookeville at 1916 Rivers Edge Dr, Cookeville, TN, 38506 generates $3,000/mo in rent, after a $6,852/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 6.14% in year one, and rental yield is 2.57% on a $1,399,900 entry. Equity gained on principal adds $9,033/yr, while 5% annual appreciation builds toward $386,767 over five years. Five-year ROI reaches 28.61% and total cumulative return in cash sums $129,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
1.22 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Knight • RE/MAX Finest
Mls Name: UCMLS
Mls ID: #239243