3016 Westerly 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
Rental property for sale in Franklin at 3016 Westerly Dr, Franklin, TN, 37067 generates $5,844/mo in rent and, after a $4,596/mo payment, leaves $223/mo in cash flow. Total monthly income is $5,844/mo, and annual cash flow is $2,675/yr on $308,931 invested. Return on cash invested sits at 20.93% in year one, and rental yield is 7.47% on a $939,000 entry. Equity gained on principal adds $6,059/yr, while 5% annual appreciation builds toward $259,428 over five years. Five-year ROI reaches 107.99% and total cumulative return in cash sums $333,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,844/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No 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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