1302 Dr Martin Luther King Jr Blvd #32MurfreesboroTN37130
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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 Dr Martin Luther King Jr Blvd #32, Murfreesboro, TN, 37130 generates $1,248/mo in rent and, after a $783/mo payment, leaves $290/mo in cash flow. Total monthly income is $1,248/mo, and annual cash flow is $3,485/yr on $53,007 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 9.37% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash sums $73,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,248/mo property income rather than buyer’s 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: Janelle Holst, CREN • Keller Williams Realty - Murfreesboro
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3009092