537 Frankfort DrHermitageTN37076
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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 Hermitage at 537 Frankfort Dr, Hermitage, TN, 37076 priced at $375,000 converts $3,106/mo rent into $862/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,106/mo, and annual cash flow totals $10,339/yr on $124,313 invested. Return on cash invested prints 28.23% in year one, and rental yield reads 9.94% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 147.18% and total cumulative return in cash sums $182,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,106/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Multi Family
Built in 1974
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37076, Hermitage, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,552 (100%) |
| Owner Occupied HU | 10,351 (52.9%) |
| Renter Occupied HU | 7,998 (40.9%) |
| Vacant Housing Units | 1,203 ( 6.2%) |
| Median Home Value | $427,844 |
| Average Home Value | $485,264 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
14,208
Multi-Family
5,275
Businesses
964
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