2287 Nicholas AveCookevilleTN38506
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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 2287 Nicholas Ave, Cookeville, TN, 38506 earns $333/mo cash flow from $2,182/mo rent with a $1,512/mo payment. Total monthly income totals $2,182/mo, and annual cash flow totals $3,992/yr on $102,434 capital. ROI tracks 23.81% on current figures, and rental yield reads 8.47% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 123.47% and total cumulative return in cash sums $126,473. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,182/mo property income instead of your personal income.
Single Family
Built in 2025
8,232 sqft 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: Ryan Maxwell • Benchmark Realty, LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #236293
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