6302 Leamont DrMillingtonTN38053
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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 Millington at 6302 Leamont Dr, Millington, TN, 38053 uses $59,637 cash to close to unlock $4,663/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $881/mo payment keeps the spread at $389/mo. Purchase price stands at $179,900, and rental yield measures 9.78% with $1,466/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 144.51% and total cumulative return in cash records $86,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1972
7,200 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: Jackson F Gillihan • Coldwell Banker Collins-Maury
Mls Name: MAAR
Mls ID: #10212591