623 Spencer DrMurfreesboroTN37129
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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 Murfreesboro at 623 Spencer Dr, Murfreesboro, TN, 37129 generates $2,394/mo in rent and, after a $1,503/mo payment, leaves $556/mo in cash flow. Total monthly income is $2,394/mo, and annual cash flow is $6,670/yr on $101,771 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.36% on a $307,000 entry. Equity gained on principal adds $1,981/yr, while 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 137.72% and total cumulative return in cash sums $140,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,394/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37129, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,102 (100%) |
| Owner Occupied HU | 17,334 (64.0%) |
| Renter Occupied HU | 8,377 (30.9%) |
| Vacant Housing Units | 1,391 ( 5.1%) |
| Median Home Value | $449,733 |
| Average Home Value | $502,044 |
Housing Distribution
Address Breakdown
Residential
25,778
Single Family
22,072
Multi-Family
3,706
Businesses
2,902
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Listed by: Dawn A. Wesley • Keller Williams Realty - Murfreesboro
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3046256