6088 Meadowbrook StMilanTN38358
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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
Investment property for sale in Milan at 6088 Meadowbrook St, Milan, TN, 38358 uses $132,567 cash to close to unlock $16,841/yr annual cash flow and $1,403/mo monthly cash flow. Total monthly income runs $3,797/mo, and a $1,957/mo payment keeps the spread at $1,403/mo. Purchase price stands at $399,900, and rental yield measures 11.39% with $3,797/mo rent. Return on cash invested shows 32.61% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 170.71% and total cumulative return in cash records $226,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,797/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38358, Milan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 3,327 (60.5%) |
| Renter Occupied HU | 1,677 (30.5%) |
| Vacant Housing Units | 498 ( 9.1%) |
| Median Home Value | $172,500 |
| Average Home Value | $212,385 |
Housing Distribution
Address Breakdown
Residential
5,245
Single Family
5,100
Multi-Family
145
Businesses
486
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Listed by: Amy McLemore • Total Realty Source
Mls Name: CWTAR
Mls Provider:
Mls ID: #246799
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