Hughes Cookeville TN

Property Specs:

Property Type: Conversion & New Build

Property Location: Cookeville, TN

Property Description: Conversion + build of 16 Co-living doors in booming growth corridor in Cookeville TN - ranked 24th fastest growing city by Uhaul in 2025.

Property Units: 1
Stories: 2
Square Footage: 2100

Rooms/Doors: 8

Phase 1: Add 500sf 2br, 2 bath onto existing house

PHASE 2: Build a duplex on remaining lot (construction loan) - then all can be rolled into DSCR (16 doors total onsite)

The Financials on the conversion:

COC: 22.5%

Monthly Projected Returns: $2138/mo (@50%) - $1069.00/mo estimated

The Investment Buy-In

Total Investment Requested: $350,000-$375,000

The Partner Terms

Return of investment (approx 12 months) -

a. Payment of 50% of profit while property is operational and construction is underway (approx $1050/mo) estimated.

b. Additional lump sum of $25,000 @ closing of DSCR