At a time when the bank offers a little more than 0% in interest and a real estate market that has been depressed to unprecedented levels, it is hard to ignore some of these values available in the market in Cookeville at the moment.  Investment properties, especially those that need some minor repair and can be used as rental property have special appeal.  A rental property needs to be selected carefully however.  The property has to be in the right location and in an area with a good history of rent-appeal.  The mortgage to rent value has to be favorable and should provide a positive cash flow.  Below is an example of a property that fits all these characteristics.

This property is just listed.  It a great town house in a great location few minutes from down town Cookeville.  This listing is priced to sell @$72,000.  It makes a great investment property or a great home for first time home buyers.  This town house in Ridge Crest is in an area where rental properties are extremely hot. 

 

A Town Houses Subdivision 5 minutes from Downtown Cookeville 

 

A nice looking town house in a classy setting