5119 Shellback Dr LOT 34MillingtonTN38053
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 5119 Shellback Dr LOT 34, Millington, TN, 38053 earns $208/mo cash flow from $2,082/mo rent with a $1,532/mo payment. Total monthly income totals $2,082/mo, and annual cash flow totals $2,500/yr on $103,760 capital. ROI tracks 22.32% on current figures, and rental yield reads 7.98% at a $313,000 purchase. Equity gained on principal adds $2,020/yr, and 5% annual appreciation supports $86,476 over five years. Five-year ROI reaches 115.51% and total cumulative return in cash sums $119,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,082/mo property income instead of your personal income.
Single Family
Built in 2020
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: Teresa Ervin • 2 Rivers Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3040101