2386 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
Investment property for sale in Cookeville at 2386 Nelson Way, Cookeville, TN, 38506 uses $118,975 cash to close to unlock $10,214/yr annual cash flow and $851/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,757/mo payment keeps the spread at $851/mo. Purchase price stands at $358,900, and rental yield measures 10.03% with $3,000/mo rent. Return on cash invested shows 28.49% in year one, and 5% annual appreciation builds toward $99,157 over five years. Five-year ROI reaches 148.65% and total cumulative return in cash records $176,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.50 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: Ashley Belcher • Legacy South Brokerage
Mls Name: UCMLS
Mls ID: #239114