4062 Ragsdale DrMilanTN38358
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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 Milan at 4062 Ragsdale Dr, Milan, TN, 38358 uses $71,238 cash to close to unlock $4,157/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $1,052/mo payment keeps the spread at $346/mo. Purchase price stands at $214,895, and rental yield measures 9.12% with $1,633/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $59,372 over five years. Five-year ROI reaches 133.91% and total cumulative return in cash records $95,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.28 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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