182 Fulcher DrMillingtonTN38053
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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 Millington at 182 Fulcher Dr, Millington, TN, 38053 offers $2,130/mo rent that, after a $1,346/mo payment, leaves $484/mo cash flow. Total monthly income is $2,130/mo, and annual cash flow is $5,805/yr on $91,163 cash. Return on cash invested measures 26.28% in year one, and rental yield stands at 9.29% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 136.74% and total cumulative return in cash reaches $124,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,130/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38053, Millington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,446 (100%) |
| Owner Occupied HU | 7,375 (64.4%) |
| Renter Occupied HU | 3,393 (29.6%) |
| Vacant Housing Units | 678 ( 5.9%) |
| Median Home Value | $273,210 |
| Average Home Value | $284,526 |
Housing Distribution
Address Breakdown
Residential
11,004
Single Family
10,565
Multi-Family
439
Businesses
615
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Listed by: Emily M Kalmon • Hometown Realty
Mls Name: MAAR
Mls ID: #10213269