7935 Oak Spring CvMillingtonTN38053
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 7935 Oak Spring Cv, Millington, TN, 38053 generates $2,666/mo in rent, after a $2,349/mo payment. Total monthly income is $2,666/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 6.67% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 94.19% and total cumulative return in cash sums $149,873. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,666/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.36 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: Karen C Gray • REMAX Experts
Mls Name: MAAR
Mls ID: #10212160