7783 Commodore RdMillingtonTN38053
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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 7783 Commodore Rd, Millington, TN, 38053 uses $41,438 cash to close to unlock $2,790/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $981/mo, and a $612/mo payment keeps the spread at $233/mo. Purchase price stands at $125,000, and rental yield measures 9.42% with $981/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.76% and total cumulative return in cash records $57,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $981/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.32 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: David C Maley • RE/MAX Right Way
Mls Name: MAAR
Mls Provider:
Mls ID: #10204277
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