7244 Ellington CvMilanTN38358
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 Milan at 7244 Ellington Cv, Milan, TN, 38358 uses $62,654 cash to close to unlock $2,780/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $925/mo payment keeps the spread at $232/mo. Purchase price stands at $189,000, and rental yield measures 8.65% with $1,363/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 126.39% and total cumulative return in cash records $79,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1962
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices