6948 Northknoll AveMillingtonTN38053
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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 6948 Northknoll Ave, Millington, TN, 38053 uses $67,958 cash to close to unlock $5,055/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,648/mo, and a $1,003/mo payment keeps the spread at $421/mo. Purchase price stands at $205,000, and rental yield measures 9.65% with $1,648/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 142.51% and total cumulative return in cash records $96,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,648/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1988
7,405 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: Caroline Fly • Reid, REALTORS
Mls Name: MAAR
Mls ID: #10206872