1302 Doctor Martin Luther King Jr Blvd #B-5MurfreesboroTN37130
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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 1302 Doctor Martin Luther King Jr Blvd #B-5, Murfreesboro, TN, 37130 earns $410/mo cash flow from $1,248/mo rent with a $685/mo payment. Total monthly income totals $1,248/mo, and annual cash flow totals $4,923/yr on $46,377 capital. ROI tracks 30.52% on current figures, and rental yield reads 10.7% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 159.6% and total cumulative return in cash sums $74,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,248/mo property income instead of your personal income.
Condo
Built in 1963
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: Shawn Wright • Century 21 Wright Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2942589