179 Mathis Crossing RdMilanTN38358
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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 179 Mathis Crossing Rd, Milan, TN, 38358 offers $1,740/mo rent that, after a $2,986/mo payment. Total monthly income is $1,740/mo. Return on cash invested measures 8.63% in year one, and rental yield stands at 3.42% at a $610,000 entry. Equity gained on principal adds $3,936/yr while 5% annual appreciation compounds into $168,532 by year five. Five-year ROI records 42.07% and total cumulative return in cash reaches $84,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $2,986/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
3.89 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: Ginger Williams • Town and Country
Mls Name: CWTAR
Mls Provider:
Mls ID: #245498
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