601 Boyd Mill Ave UNIT Q5FranklinTN37064
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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 601 Boyd Mill Ave UNIT Q5, Franklin, TN, 37064 uses $89,505 cash to close to unlock $1,575/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $1,748/mo, and a $1,322/mo payment keeps the spread at $131/mo. Purchase price stands at $270,000, and rental yield measures 7.77% with $1,748/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash records $100,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,748/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A 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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