35 Parker LnMilanTN38358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 35 Parker Ln, Milan, TN, 38358 priced at $725,000 converts $5,213/mo rent into $873/mo cash flow after a $3,549/mo obligation. Total monthly income equals $5,213/mo, and annual cash flow totals $10,470/yr on $238,525 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 8.63% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 126.89% and total cumulative return in cash sums $302,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,213/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Single Family
Built in 2006
18.46 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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