564 E 3rd StCookevilleTN38501
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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 564 E 3rd St, Cookeville, TN, 38501 generates $1,578/mo in rent and, after a $856/mo payment, leaves $531/mo in cash flow. Total monthly income is $1,578/mo, and annual cash flow is $6,372/yr on $57,989 invested. Return on cash invested sits at 30.9% in year one, and rental yield is 10.82% on a $174,929 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,330 over five years. Five-year ROI reaches 161.59% and total cumulative return in cash sums $93,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,578/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.44 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: Heather Skender-Newton • Skender-Newton Realty
Mls Name: UCMLS
Mls Provider:
Mls ID: #235613
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