3485 Officers Chapel RdCookevilleTN38506
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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 3485 Officers Chapel Rd, Cookeville, TN, 38506 uses $147,484 cash to close to unlock $4,036/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $2,178/mo payment keeps the spread at $336/mo. Purchase price stands at $444,900, and rental yield measures 8.09% with $3,000/mo rent. Return on cash invested shows 22.65% in year one, and 5% annual appreciation builds toward $122,918 over five years. Five-year ROI reaches 117.27% and total cumulative return in cash records $172,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.72 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: Kathryn Scott • True North Real Estate Services, LLC
Mls Name: UCMLS
Mls ID: #241454