1064 Craig DrMilanTN38358
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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
Investment property for sale in Milan at 1064 Craig Dr, Milan, TN, 38358 with 5% annual appreciation on a $199,900 basis while $1,264/mo rent supports operations. Total monthly income totals $1,264/mo and a $978/mo payment preserves $68/mo for cash returns. Annual cash flow comes to $813/yr on $66,267 deployed, and return on cash invested reaches 21.14% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 7.59%. Five-year ROI measures 109.14% and total cumulative return in cash totals $72,325.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,264/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
1.20 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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Listed by: Denice B Webb • Hickman Realty Group, Inc.-Mil
Mls Name: CWTAR
Mls Provider:
Mls ID: #246209
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