6030 Chadwell RdMillingtonTN38053
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 6030 Chadwell Rd, Millington, TN, 38053 earns $348/mo cash flow from $1,396/mo rent with a $857/mo payment. Total monthly income totals $1,396/mo, and annual cash flow totals $4,176/yr on $58,013 capital. ROI tracks 27.11% on current figures, and rental yield reads 9.57% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 141.17% and total cumulative return in cash sums $81,895. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,396/mo property income instead of your personal income.
Single Family
Built in 1992
9,583 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: Jen L Carstensen • Real Estate Agency
Mls Name: MAAR
Mls ID: #10211892