617 Independence Dr EFranklinTN37067
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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 617 Independence Dr E, Franklin, TN, 37067 priced at $655,000 pairs $5,844/mo rent with $1,923/mo cash flow after a $3,206/mo payment. Total monthly income equals $5,844/mo, and annual cash flow comes to $23,076/yr on $215,495 invested. Return on cash invested is 30.77% in year one, and rental yield stands at 10.71% on a $655,000 basis. Equity gained on principal adds $4,227/yr, and 5% annual appreciation accumulates to $180,964 by year five. Five-year ROI measures 160.76% and total cumulative return in cash reaches $346,439. For financing, Ziffy Mortgage’s DSCR program evaluates $5,844/mo property income against a $3,206/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37067, Franklin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,975 (100%) |
| Owner Occupied HU | 7,190 (48.0%) |
| Renter Occupied HU | 6,611 (44.1%) |
| Vacant Housing Units | 1,174 ( 7.8%) |
| Median Home Value | $767,214 |
| Average Home Value | $858,174 |
Housing Distribution
Address Breakdown
Residential
14,095
Single Family
9,428
Multi-Family
4,667
Businesses
2,165
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