1302 Doctor Martin Luther King Jr Blvd #B-49MurfreesboroTN37130
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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
Rental property for sale in Murfreesboro at 1302 Doctor Martin Luther King Jr Blvd #B-49, Murfreesboro, TN, 37130 generates $2,016/mo in rent and, after a $1,101/mo payment, leaves $669/mo in cash flow. Total monthly income is $2,016/mo, and annual cash flow is $8,034/yr on $74,554 invested. Return on cash invested sits at 30.68% in year one, and rental yield is 10.76% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 160.4% and total cumulative return in cash sums $119,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,016/mo property income rather than buyer’s personal income.
Condo
Built in 1965
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: Ashley Dodson • Nashville Realty Group
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3073895