663 Tracy 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
Rental property for sale in Millington at 663 Tracy Rd, Millington, TN, 38053 priced at $224,900 pairs $1,579/mo rent with $232/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,579/mo, and annual cash flow comes to $2,790/yr on $74,554 invested. Return on cash invested is 23.65% in year one, and rental yield stands at 8.43% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 122.67% and total cumulative return in cash reaches $91,453. For financing, Ziffy Mortgage’s DSCR program evaluates $1,579/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
1.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Craddock • MidSouth Residential, LLC
Mls Name: MAAR
Mls ID: #10205491