388 Hermitage AveCookevilleTN38501
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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 388 Hermitage Ave, Cookeville, TN, 38501 at $285,000 posts ROI 22.1% with $173/mo cash flow from $2,014/mo rent. Total monthly income equals $2,014/mo, and annual cash flow records $2,075/yr on $94,478 to close. Return on cash invested measures 22.1% and rental yield reads 8.48% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 114.95% and total cumulative return in cash totals $108,606.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,014/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
$135 monthly 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: Brenda Blaeser • First Realty Company
Mls Name: UCMLS
Mls Provider:
Mls ID: #237008
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