97 Gann RdMilanTN38358
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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
Rental property for sale in Milan at 97 Gann Rd, Milan, TN, 38358 priced at $165,000 converts $2,460/mo rent into $1,472/mo cash flow after a $808/mo obligation. Total monthly income equals $2,460/mo, and annual cash flow totals $17,662/yr on $54,698 invested. Return on cash invested prints 52.2% in year one, and rental yield reads 17.89% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 275.73% and total cumulative return in cash sums $150,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1966
1.10 Acres 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
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Listed by: Jennifer Easterday • Town and Country
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502733
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