1022 Poplar AveMurfreesboroTN37129
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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 Murfreesboro at 1022 Poplar Ave, Murfreesboro, TN, 37129 uses $84,533 cash to close to unlock $10,412/yr annual cash flow and $868/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,248/mo payment keeps the spread at $868/mo. Purchase price stands at $255,000, and rental yield measures 11.27% with $2,394/mo rent. Return on cash invested shows 32.23% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 168.64% and total cumulative return in cash records $142,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37129, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,102 (100%) |
| Owner Occupied HU | 17,334 (64.0%) |
| Renter Occupied HU | 8,377 (30.9%) |
| Vacant Housing Units | 1,391 ( 5.1%) |
| Median Home Value | $449,733 |
| Average Home Value | $502,044 |
Housing Distribution
Address Breakdown
Residential
25,778
Single Family
22,072
Multi-Family
3,706
Businesses
2,902
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Listed by: Michael L. Jones • Exit Real Estate Experts
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3017500