3040 Shipley RdCookevilleTN38501
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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 3040 Shipley Rd, Cookeville, TN, 38501 listed at $615,000 pairs $2,479/mo rent with a $3,010/mo payment. Total monthly income runs $2,479/mo. Return on cash invested measures 12.93% in year one, and rental yield registers 4.84% at a $615,000 basis. Equity gained on principal adds $3,969/yr, and annual property appreciation at 5% supports $169,913 by year five. Five-year ROI tracks 65.12% and total cumulative return in cash totals $131,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,479/mo property income relative to a $3,010/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
2.56 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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