1251 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 1251 Carriage Park Dr, Franklin, TN, 37064 uses $127,594 cash to close to unlock $13,678/yr annual cash flow and $1,140/mo monthly cash flow. Total monthly income runs $3,444/mo, and a $1,884/mo payment keeps the spread at $1,140/mo. Purchase price stands at $384,900, and rental yield measures 10.74% with $3,444/mo rent. Return on cash invested shows 30.63% in year one, and 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 160.05% and total cumulative return in cash records $204,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,444/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
0.35 Acres lot
$N/A/sqft
No 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