965 McMillan RdMidwayTN37809
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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 Midway at 965 McMillan Rd, Midway, TN, 37809 uses $49,394 cash to close to unlock $4,876/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $1,298/mo, and a $729/mo payment keeps the spread at $406/mo. Purchase price stands at $149,000, and rental yield measures 10.45% with $1,298/mo rent. Return on cash invested shows 29.78% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 155.54% and total cumulative return in cash records $76,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,298/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37809, Midway, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 668 (68.3%) |
| Renter Occupied HU | 207 (21.2%) |
| Vacant Housing Units | 103 (10.5%) |
| Median Home Value | $172,984 |
| Average Home Value | $218,204 |
Housing Distribution
Address Breakdown
Residential
972
Single Family
972
Multi-Family
0
Businesses
32
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