12203 Elrod McElroy RdMiltonTN37118
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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 Milton at 12203 Elrod McElroy Rd, Milton, TN, 37118 offers a 0% rental yield on a $714,900 purchase with $0/mo rent. 77% in year one. Equity gained on principal adds $4,613/yr while 5% annual appreciation supports $197,514 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37118, Milton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 643 (100%) |
| Owner Occupied HU | 522 (81.2%) |
| Renter Occupied HU | 90 (14.0%) |
| Vacant Housing Units | 31 ( 4.8%) |
| Median Home Value | $445,763 |
| Average Home Value | $561,815 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
598
Multi-Family
0
Businesses
10
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No similar rental properties found nearby.
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Listed by: Braden Netherland • Harney Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2866385
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-06 08:08:12 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)