206 Boatman StCookevilleTN38501
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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 206 Boatman St, Cookeville, TN, 38501 priced at $164,929 pairs $510/mo rent with after a $807/mo payment. Total monthly income equals $510/mo. Return on cash invested is 9.44% in year one, and rental yield stands at 3.71% on a $164,929 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,567 by year five. Five-year ROI measures 46.4% and total cumulative return in cash reaches $25,369. For financing, Ziffy Mortgage’s DSCR program evaluates $510/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1960
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: Heather Skender-Newton • Skender-Newton Realty
Mls Name: UCMLS
Mls ID: #238505