602 Granville RdFranklinTN37064
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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 Franklin at 602 Granville Rd, Franklin, TN, 37064 generates $2,077/mo in rent and, after a $1,434/mo payment, leaves $323/mo in cash flow. Total monthly income is $2,077/mo, and annual cash flow is $3,879/yr on $97,096 invested. Return on cash invested sits at 23.9% in year one, and rental yield is 8.51% on a $292,900 entry. Equity gained on principal adds $1,890/yr, while 5% annual appreciation builds toward $80,923 over five years. Five-year ROI reaches 124.04% and total cumulative return in cash sums $120,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,077/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
435.60 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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