2553 Oak Park 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
Rental property for sale in Cookeville at 2553 Oak Park Dr, Cookeville, TN, 38506 generates $2,521/mo in rent and, after a $1,591/mo payment, leaves $575/mo in cash flow. Total monthly income is $2,521/mo, and annual cash flow is $6,903/yr on $107,738 invested. Return on cash invested sits at 26.32% in year one, and rental yield is 9.31% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 136.97% and total cumulative return in cash sums $147,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,521/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.99 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: Sam Tays • Tays Realty & Auction LLC
Mls Name: My State MLS
Mls ID: #11548779