1221 Carriage Park DrFranklinTN37064
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
Investment property for sale in Franklin at 1221 Carriage Park Dr, Franklin, TN, 37064 earns $638/mo cash flow from $3,253/mo rent with a $1,823/mo payment. Total monthly income totals $3,253/mo, and annual cash flow totals $7,660/yr on $123,484 capital. ROI tracks 26.11% on current figures, and rental yield reads 10.48% at a $372,500 purchase. Equity gained on principal adds $2,404/yr, and 5% annual appreciation supports $102,915 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash sums $169,450. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,253/mo property income instead of your personal income.
Condo
Built in 1985
0.36 Acres lot
$N/A/sqft
$385 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37064, Franklin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,173 (100%) |
| Owner Occupied HU | 20,587 (73.1%) |
| Renter Occupied HU | 6,269 (22.3%) |
| Vacant Housing Units | 1,317 ( 4.7%) |
| Median Home Value | $754,252 |
| Average Home Value | $850,173 |
Housing Distribution
Address Breakdown
Residential
26,999
Single Family
24,317
Multi-Family
2,682
Businesses
1,741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: A.J. Sanchez • Berkshire Hathaway HomeServices Woodmont Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2968451
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-08 21:23:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)