5517 Shipp RdMillingtonTN38053
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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 Millington at 5517 Shipp Rd, Millington, TN, 38053 generates $2,302/mo in rent and, after a $1,497/mo payment, leaves $471/mo in cash flow. Total monthly income is $2,302/mo, and annual cash flow is $5,653/yr on $101,406 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.03% on a $305,900 entry. Equity gained on principal adds $1,974/yr, while 5% annual appreciation builds toward $84,515 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash sums $134,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,302/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
3,920 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
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Listed by: R. Annette Wilson • Crye-Leike, Inc., REALTORS
Mls Name: MAAR
Mls ID: #10205695