2116 Melody DrFranklinTN37067
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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 Franklin at 2116 Melody Dr, Franklin, TN, 37067 offers a 6.68% rental yield on a $569,900 purchase with $3,173/mo rent. 27% in year one. Equity gained on principal adds $3,677/yr while 5% annual appreciation supports $157,453 over five years. Portfolio math shows five-year ROI at 93.86% and total cumulative return in cash at $175,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,173/mo property income against a $2,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
8,276 sqft lot
$N/A/sqft
$498 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37067, Franklin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,975 (100%) |
| Owner Occupied HU | 7,190 (48.0%) |
| Renter Occupied HU | 6,611 (44.1%) |
| Vacant Housing Units | 1,174 ( 7.8%) |
| Median Home Value | $767,214 |
| Average Home Value | $858,174 |
Housing Distribution
Address Breakdown
Residential
14,095
Single Family
9,428
Multi-Family
4,667
Businesses
2,165
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Listed by: Luka Milicevic • Zach Taylor Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2812160
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-02 07:23:13 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)