733 E Spring 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 733 E Spring St, Cookeville, TN, 38501 priced at $329,000 pairs $2,880/mo rent with $911/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,880/mo, and annual cash flow comes to $10,930/yr on $109,064 invested. Return on cash invested is 29.93% in year one, and rental yield stands at 10.5% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 156.31% and total cumulative return in cash reaches $170,481. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.38 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: Ricky Chen • Realty One Group Music City
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2963002