3203 Nolen LnFranklinTN37064
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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 3203 Nolen Ln, Franklin, TN, 37064 uses $213,192 cash to close to unlock $12,115/yr annual cash flow and $1,010/mo monthly cash flow. Total monthly income runs $4,889/mo, and a $3,172/mo payment keeps the spread at $1,010/mo. Purchase price stands at $647,999, and rental yield measures 9.05% with $4,889/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $179,030 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash records $285,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,889/mo property income covering a $3,172/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37064, Franklin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,173 (100%) |
| Owner Occupied HU | 20,587 (73.1%) |
| Renter Occupied HU | 6,269 (22.3%) |
| Vacant Housing Units | 1,317 ( 4.7%) |
| Median Home Value | $754,252 |
| Average Home Value | $850,173 |
Housing Distribution
Address Breakdown
Residential
26,999
Single Family
24,317
Multi-Family
2,682
Businesses
1,741
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