1301 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 1301 Carriage Park Dr, Franklin, TN, 37064 listed at $386,500 pairs $2,518/mo rent with a $1,892/mo payment to leave $204/mo cash flow. Total monthly income runs $2,518/mo, and annual cash flow reaches $2,449/yr on $128,125 cash to close. Return on cash invested measures 21.82% in year one, and rental yield registers 7.82% at a $386,500 basis. Equity gained on principal adds $2,494/yr, and annual property appreciation at 5% supports $106,783 by year five. Five-year ROI tracks 112.85% and total cumulative return in cash totals $144,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,518/mo property income relative to a $1,892/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
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