1056 Phelps LnMilanTN38358
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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 Milan at 1056 Phelps Ln, Milan, TN, 38358 generates $2,272/mo in rent and, after a $1,419/mo payment, leaves $537/mo in cash flow. Total monthly income is $2,272/mo, and annual cash flow is $6,438/yr on $96,102 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 9.4% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash sums $133,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1.00 Acres 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
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