1028 Short StMilanTN38358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Milan at 1028 Short St, Milan, TN, 38358 listed at $204,900 pairs $1,732/mo rent with a $1,003/mo payment to leave $505/mo cash flow. Total monthly income runs $1,732/mo, and annual cash flow reaches $6,064/yr on $67,924 cash to close. Return on cash invested measures 28.84% in year one, and rental yield registers 10.14% at a $204,900 basis. Equity gained on principal adds $1,322/yr, and annual property appreciation at 5% supports $56,610 by year five. Five-year ROI tracks 150.5% and total cumulative return in cash totals $102,226. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,732/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38358, Milan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 3,327 (60.5%) |
| Renter Occupied HU | 1,677 (30.5%) |
| Vacant Housing Units | 498 ( 9.1%) |
| Median Home Value | $172,500 |
| Average Home Value | $212,385 |
Housing Distribution
Address Breakdown
Residential
5,245
Single Family
5,100
Multi-Family
145
Businesses
486
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tami S Reid • Hickman Realty Group Inc.-Jack
Mls Name: CWTAR
Mls Provider:
Mls ID: #2500261
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.