423 Forest Glen CirMurfreesboroTN37128
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 423 Forest Glen Cir, Murfreesboro, TN, 37128 in Murfreesboro aligned with their strategy. Rental yield 6.23%. DSCR 1.16 and 6.23% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,214/yr in paydown build toward a projected cumulative return of $114,314.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.5% |
| Monthly Cash Flow | $(276) | $450 |
City averages based on Murfreesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,813 |
| Total Monthly Debt Service | $1,950 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2000
N/A lot
$N/A/sqft
No 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
Condo
Built in 2000
N/A lot
$N/A/sqft
No 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: Joe Connor • Keller Williams Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2996505