7790 Deer Lake 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
Rental property for sale in Millington at 7790 Deer Lake Dr, Millington, TN, 38053 generates $2,168/mo in rent and, after a $1,434/mo payment, leaves $414/mo in cash flow. Total monthly income is $2,168/mo, and annual cash flow is $4,970/yr on $97,130 invested. Return on cash invested sits at 25.03% in year one, and rental yield is 8.88% on a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 130.06% and total cumulative return in cash sums $126,322. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
2.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda L Lester • NextHome Cornerstone Realty
Mls Name: MAAR
Mls ID: #10205673