7232 Ellington CvMilanTN38358
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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 Milan at 7232 Ellington Cv, Milan, TN, 38358 listed at $165,000 pairs $1,244/mo rent with a $808/mo payment to leave $256/mo cash flow. Total monthly income runs $1,244/mo, and annual cash flow reaches $3,070/yr on $54,698 cash to close. Return on cash invested measures 25.52% in year one, and rental yield registers 9.05% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 132.71% and total cumulative return in cash totals $72,587. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,244/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38358, Milan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 3,327 (60.5%) |
| Renter Occupied HU | 1,677 (30.5%) |
| Vacant Housing Units | 498 ( 9.1%) |
| Median Home Value | $172,500 |
| Average Home Value | $212,385 |
Housing Distribution
Address Breakdown
Residential
5,245
Single Family
5,100
Multi-Family
145
Businesses
486
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