2385 Nelson WayCookevilleTN38506
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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 2385 Nelson Way, Cookeville, TN, 38506 offers $3,000/mo rent that, after a $1,647/mo payment, leaves $986/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $11,828/yr on $111,550 cash. Return on cash invested measures 30.51% in year one, and rental yield stands at 10.7% at a $336,500 entry. Equity gained on principal adds $2,171/yr while 5% annual appreciation compounds into $92,969 by year five. Five-year ROI records 159.45% and total cumulative return in cash reaches $177,863. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,647/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.30 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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Nearby investment properties with comparable prices
Listed by: Ashley Belcher • Legacy South Brokerage
Mls Name: UCMLS
Mls Provider:
Mls ID: #237543
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