Rent report generated Dec 31, 2024
The Rent Potential of
8310 Austin Peay Hwy Millington, TN
home
is $1,720 – $2,625/mo.
Current Specs
4 Bed / 2.5 Bath
Single-Family
Built in 2000
Rent Comps
$995
$1,995
$3,850
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
11 Listings
4 Bed / 2.5-3 Bath
1,563 - 3,073 sqft
Within 10.7 mi
Avg. Monthly Rent$2,497
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.
1 Listing
4 Bed / 2.5 Bath
1,900 sqft
Within 10.1 mi
Avg. Monthly Rent$2,090
Rent Advice
This single-family home in Millington offers a promising rental income potential, with estimated rents ranging from $1,720 to $2,625. Given its 4 bedrooms and 2.5 bathrooms, this property can attract families seeking spacious living. The attractive features like a new roof, updated kitchen, and a large lot enhance its rental appeal. Market trends in Millington show stable demand, with potential for appreciation. Challenges might include the rural setting, which may limit tenant pool size compared to urban areas.
To boost rental income, consider modernizing the interior with fresh paint and updated fixtures. Enhancing curb appeal with landscaping could also attract tenants. If contemplating a sale, highlight the property's large lot and recent updates in marketing materials to appeal to buyers seeking move-in-ready homes. These improvements can potentially increase both rental and resale value.
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8310 Austin Peay Hwy
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