3374 Stafford 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 3374 Stafford Dr, Cookeville, TN, 38506 offers a 9.71% rental yield on a $267,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,307/mo payment leaves $562/mo available for distribution. Annual cash flow reaches $6,738/yr on $88,511 to close, and return on cash invested stands at 27.52% in year one. Equity gained on principal adds $1,723/yr while 5% annual appreciation supports $73,767 over five years. Portfolio math shows five-year ROI at 143.44% and total cumulative return in cash at $126,955. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,307/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1 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: Jason Young • eXp Realty, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1315102