88 Quinland Lake RdCookevilleTN38506
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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 88 Quinland Lake Rd, Cookeville, TN, 38506 priced at $229,000 converts $2,160/mo rent into $789/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $9,468/yr on $75,914 invested. Return on cash invested prints 32.38% in year one, and rental yield reads 11.32% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 169.54% and total cumulative return in cash sums $128,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38506, Cookeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,732 (100%) |
| Owner Occupied HU | 9,566 (69.7%) |
| Renter Occupied HU | 3,241 (23.6%) |
| Vacant Housing Units | 925 ( 6.7%) |
| Median Home Value | $318,155 |
| Average Home Value | $357,210 |
Housing Distribution
Address Breakdown
Residential
13,205
Single Family
12,960
Multi-Family
245
Businesses
699
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Listed by: Alma Mendez • The Real Estate Collective
Mls Name: UCMLS
Mls ID: #238814