4660 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
Rental property for sale in Cookeville at 4660 Shipley Rd, Cookeville, TN, 38501 offers $1,153/mo rent that, after a $734/mo payment, leaves $255/mo cash flow. Total monthly income is $1,153/mo, and annual cash flow is $3,064/yr on $49,692 cash. Return on cash invested measures 26.08% in year one, and rental yield stands at 9.23% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 135.69% and total cumulative return in cash reaches $67,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,153/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
0.76 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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Listed by: Corie Fields • The Realty Firm
Mls Name: UCMLS
Mls Provider:
Mls ID: #236215
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