515 Forrest Park Cir, Franklin, TN, 37064 | 4.93% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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515 Forrest Park Cir, Franklin, TN, 37064 | 4.93% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklin at 515 Forrest Park Cir, Franklin, TN, 37064 generates $3,490/mo in rent, after a $4,160/mo payment. Total monthly income is $3,490/mo. Return on cash invested sits at 13.2% in year one, and rental yield is 4.93% on a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 66.59% and total cumulative return in cash sums $186,194. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,490/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

(Open house Sunday Nov. 9th 2-4pm) Welcome to 515 Forrest Park Cir, a beautifully updated home nestled in the heart of Franklin, TN! This spacious 3-bedroom, 2.5-bathroom residence boasts an impressive 3,014 sqft. of living space, making it perfect for families and entertaining. The home features a newly renovated master bath that offers a spa-like retreat, along with an updated kitchen with quartz countertops that elevate your culinary experience. The open layout seamlessly connects the living and dining areas, providing a warm and inviting atmosphere. Additional features include: a massive bonus room, a large two-car garage, and a private cozy backyard space. Enjoy a vibrant community with amenities including a pool, tennis courts, and pickleball courts, along with a clubhouse for gatherings. Located just minutes from Downtown Franklin, you'll enjoy charming shops and delicious dining options. For golf enthusiasts, the Franklin Bridge Golf Course and Driving Range is located within the Forrest Crossing neighborhood, while the nearby CoolSprings Galleria offers premier shopping. For unique experiences, The Factory at Franklin, is a hub for local artisans, events, and dining. The exceptional convenience and prime location of this home makes it the perfect place to call your own. Schedule a showing today and experience all the charm this property has to offer!

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