6349 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 6349 Leamont Dr, Millington, TN, 38053 uses $56,322 cash to close to unlock $3,918/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $832/mo payment keeps the spread at $327/mo. Purchase price stands at $169,900, and rental yield measures 9.49% with $1,344/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 139.92% and total cumulative return in cash records $78,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1978
6,969 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: Christopher Jamison • BEST Real Estate Company
Mls Name: MAAR
Mls ID: #10201593