4915 1st AveMillingtonTN38053
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
Investment property for sale in Millington at 4915 1st Ave, Millington, TN, 38053 listed at $183,000 pairs $1,392/mo rent with a $896/mo payment to leave $296/mo cash flow. Total monthly income runs $1,392/mo, and annual cash flow reaches $3,555/yr on $60,665 cash to close. Return on cash invested measures 25.77% in year one, and rental yield registers 9.13% at a $183,000 basis. Equity gained on principal adds $1,181/yr, and annual property appreciation at 5% supports $50,560 by year five. Five-year ROI tracks 134.05% and total cumulative return in cash totals $81,323. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,392/mo property income relative to a $896/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Spencer Fuller • Weichert REALTOR-SPM
Mls Name: MAAR
Mls ID: #10203743