6055 Holly Heights CvMillingtonTN38053
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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 6055 Holly Heights Cv, Millington, TN, 38053 priced at $194,000 converts $1,894/mo rent into $732/mo cash flow after a $950/mo obligation. Total monthly income equals $1,894/mo, and annual cash flow totals $8,787/yr on $64,311 invested. Return on cash invested prints 33.57% in year one, and rental yield reads 11.72% against a $194,000 entry. Equity gained on principal adds $1,252/yr, while 5% annual appreciation compiles into $53,599 by year five. Five-year ROI reaches 175.9% and total cumulative return in cash sums $113,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,894/mo property income covering a $950/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.25 Acres 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: Leigh Martin • Hobson, REALTORS
Mls Name: MAAR
Mls ID: #10211295