2408 SW Magnolia DrCookevilleTN38506
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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 2408 SW Magnolia Dr, Cookeville, TN, 38506 listed at $356,400 pairs $2,641/mo rent with a $1,744/mo payment to leave $508/mo cash flow. Total monthly income runs $2,641/mo, and annual cash flow reaches $6,095/yr on $118,147 cash to close. Return on cash invested measures 25.07% in year one, and rental yield registers 8.89% at a $356,400 basis. Equity gained on principal adds $2,300/yr, and annual property appreciation at 5% supports $98,467 by year five. Five-year ROI tracks 130.23% and total cumulative return in cash totals $153,859. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,641/mo property income relative to a $1,744/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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