205 E Milligan DrGreenevilleTN37743
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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 Greeneville at 205 E Milligan Dr, Greeneville, TN, 37743 generates $1,093/mo in rent and, after a $734/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,093/mo, and annual cash flow is $2,344/yr on $49,692 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 8.75% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash sums $63,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,093/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37743, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,542 (100%) |
| Owner Occupied HU | 8,219 (65.5%) |
| Renter Occupied HU | 2,927 (23.3%) |
| Vacant Housing Units | 1,396 (11.1%) |
| Median Home Value | $299,287 |
| Average Home Value | $336,725 |
Housing Distribution
Address Breakdown
Residential
11,911
Single Family
11,732
Multi-Family
179
Businesses
683
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Listed by: Hix Masengill • Century 21 Masengill-McCrary
Mls Name: Lakeway Area AOR
Mls ID: #611142