2375 Hidden Cove RdCookevilleTN38506
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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 2375 Hidden Cove Rd, Cookeville, TN, 38506 priced at $484,900 pairs $2,503/mo rent with after a $2,373/mo payment. Total monthly income equals $2,503/mo. Return on cash invested is 16.93% in year one, and rental yield stands at 6.19% on a $484,900 basis. Equity gained on principal adds $3,129/yr, and 5% annual appreciation accumulates to $133,969 by year five. Five-year ROI measures 86.59% and total cumulative return in cash reaches $139,183. For financing, Ziffy Mortgage’s DSCR program evaluates $2,503/mo property income against a $2,373/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
5.01 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
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Listed by: Kayla Wooley-Dillon • eXp Realty
Mls Name: UCMLS
Mls Provider:
Mls ID: #231297
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