7031 S Smith Chapel 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
Investment property for sale in Cookeville at 7031 S Smith Chapel Rd, Cookeville, TN, 38501 offers a 7.85% rental yield on a $399,900 purchase with $2,616/mo rent. Total monthly income registers $2,616/mo, and a $1,957/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,669/yr on $132,567 to close, and return on cash invested stands at 21.92% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 113.38% and total cumulative return in cash at $150,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,616/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.82 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: Amanda Wiegand-Selby • Highlands Elite Real Estate LLC
Mls Name: UCMLS
Mls ID: #240282