1302 Dr Martin Luther King Blvd #26MurfreesboroTN37130
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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 Dr Martin Luther King Blvd #26, Murfreesboro, TN, 37130 listed at $176,000 pairs $1,248/mo rent with a $861/mo payment to leave $195/mo cash flow. Total monthly income runs $1,248/mo, and annual cash flow reaches $2,338/yr on $58,344 cash to close. Return on cash invested measures 23.92% in year one, and rental yield registers 8.51% at a $176,000 basis. Equity gained on principal adds $1,136/yr, and annual property appreciation at 5% supports $48,626 by year five. Five-year ROI tracks 124.08% and total cumulative return in cash totals $72,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,248/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Fred Tyus • Duncan Realty & Co LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2993907