Franklin Plan, The ReserveCookevilleTN38506
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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 Franklin Plan, The Reserve, Cookeville, TN, 38506 offers $2,972/mo rent that, after a $1,737/mo payment, leaves $848/mo cash flow. Total monthly income is $2,972/mo, and annual cash flow is $10,171/yr on $117,649 cash. Return on cash invested measures 28.55% in year one, and rental yield stands at 10.05% at a $354,900 entry. Equity gained on principal adds $2,290/yr while 5% annual appreciation compounds into $98,052 by year five. Five-year ROI records 148.94% and total cumulative return in cash reaches $175,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,972/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A 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: N/A • Banner Built Homes
Mls Name: Banner Built Homes
Mls ID: #N/A