707 Dixie Park DrCookevilleTN38501
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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 707 Dixie Park Dr, Cookeville, TN, 38501 uses $58,344 cash to close to unlock $9,375/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $861/mo payment keeps the spread at $781/mo. Purchase price stands at $176,000, and rental yield measures 12.55% with $1,840/mo rent. Return on cash invested shows 35.98% in year one, and 5% annual appreciation builds toward $48,626 over five years. Five-year ROI reaches 188.83% and total cumulative return in cash records $110,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $861/mo payment rather than investor’s personal income.
Single Family
Built in 1963
N/A 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: Neil Ashburn • Prime Realty and Auction LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #240396
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