4041 Old Sparta RdCookevilleTN38506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,160/mo, and a $2,814/mo payment. Purchase price stands at $574,900, and rental yield measures 4.51% with $2,160/mo rent. Return on cash invested shows 11.93% in year one, and 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 59.77% and total cumulative return in cash records $113,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olivia McCoy Cobb • Real Estate Professionals of TN
Mls Name: UCMLS
Mls ID: #240518