641 N North Dixie 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 641 N North Dixie Ave, Cookeville, TN, 38501 offers a 3.29% rental yield on a $544,900 purchase with $1,492/mo rent. 21% in year one. Equity gained on principal adds $3,516/yr while 5% annual appreciation supports $150,546 over five years. Portfolio math shows five-year ROI at 39.84% and total cumulative return in cash at $71,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $2,667/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
9,408 sqft 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: Joshua Stites • Jackson Real Estate Services
Mls Name: UCMLS
Mls ID: #234142