1989 Elevation DEF Plan, Salem LandingMurfreesboroTN37128
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Murfreesboro rental at 1989 Elevation DEF Plan, Salem Landing, Murfreesboro, TN, 37128 sits in the solid-income band: 8.74% gross yield, $3,038/mo rent, $502/mo net after the $1,875/mo debt service, DSCR 1.62. Entry price of $416,990 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $115,207 and $3,841/yr in principal reduction bring total cumulative return to $190,209.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.5% |
| Monthly Cash Flow | $502 | $450 |
City averages based on Murfreesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,038 |
| Total Monthly Debt Service | $2,370 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37128, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,460 (100%) |
| Owner Occupied HU | 20,186 (62.2%) |
| Renter Occupied HU | 10,890 (33.5%) |
| Vacant Housing Units | 1,384 ( 4.3%) |
| Median Home Value | $438,307 |
| Average Home Value | $484,652 |
Housing Distribution
Address Breakdown
Residential
30,796
Single Family
23,243
Multi-Family
7,553
Businesses
627
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
Single Family
Built in 2026
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37128, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,460 (100%) |
| Owner Occupied HU | 20,186 (62.2%) |
| Renter Occupied HU | 10,890 (33.5%) |
| Vacant Housing Units | 1,384 ( 4.3%) |
| Median Home Value | $438,307 |
| Average Home Value | $484,652 |
Housing Distribution
Address Breakdown
Residential
30,796
Single Family
23,243
Multi-Family
7,553
Businesses
627
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Ole South
Mls Name: Ole South Properties
Mls Provider:
Mls ID: #N/A