215 Greystone WayCookevilleTN38501
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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 215 Greystone Way, Cookeville, TN, 38501 priced at $649,000 converts $2,880/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 14.41% in year one, and rental yield reads 5.33% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 73.05% and total cumulative return in cash sums $155,988. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.35 Acres 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: Hali Howard • The Real Estate Collective Sparta
Mls Name: UCMLS
Mls ID: #239169