244 Bob Johnson LnCookevilleTN38501
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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 244 Bob Johnson Ln, Cookeville, TN, 38501 priced at $339,500 converts $1,980/mo rent into after a $1,662/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 19.35% in year one, and rental yield reads 7% against a $339,500 entry. Equity gained on principal adds $2,191/yr, while 5% annual appreciation compiles into $93,798 by year five. Five-year ROI reaches 99.58% and total cumulative return in cash sums $112,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,662/mo payment, not borrower’s personal income.
Single Family
Built in 1986
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38501, Cookeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,090 (100%) |
| Owner Occupied HU | 8,910 (44.4%) |
| Renter Occupied HU | 9,181 (45.7%) |
| Vacant Housing Units | 1,999 ( 10.0%) |
| Median Home Value | $314,239 |
| Average Home Value | $373,460 |
Housing Distribution
Address Breakdown
Residential
18,524
Single Family
17,163
Multi-Family
1,361
Businesses
1,899
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Listed by: Gina Key • American Way Real Estate
Mls Name: UCMLS
Mls ID: #239739