1245 Old Lascassas Rd #E1MurfreesboroTN37130
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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 1245 Old Lascassas Rd #E1, Murfreesboro, TN, 37130 offers a 8.49% rental yield on a $230,000 purchase with $1,627/mo rent. Total monthly income registers $1,627/mo, and a $1,126/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $2,999/yr on $76,245 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 123.67% and total cumulative return in cash at $94,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,627/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37130, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,947 (100%) |
| Owner Occupied HU | 11,437 (42.4%) |
| Renter Occupied HU | 13,885 (51.5%) |
| Vacant Housing Units | 1,625 ( 6.0%) |
| Median Home Value | $452,758 |
| Average Home Value | $490,348 |
Housing Distribution
Address Breakdown
Residential
25,845
Single Family
19,307
Multi-Family
6,538
Businesses
1,296
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Listed by: Josh Merritt • Stones River Property Mgmt and Real Estate Service
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3098623