7163 Pam DrMillingtonTN38053
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
Investment property for sale in Millington at 7163 Pam Dr, Millington, TN, 38053 uses $104,389 cash to close to unlock $5,367/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $2,332/mo, and a $1,541/mo payment keeps the spread at $447/mo. Purchase price stands at $314,900, and rental yield measures 8.89% with $2,332/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 130.18% and total cumulative return in cash records $135,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.30 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
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Listed by: Juan Casem • Crye-Leike Inc., REALTORS
Mls Name: MAAR
Mls ID: #10207951