702 Forest Glen Cir, Murfreesboro, TN, 37128 | 6.05% Rental Yield

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702 Forest Glen Cir, Murfreesboro, TN, 37128 | 6.05% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Murfreesboro at 702 Forest Glen Cir, Murfreesboro, TN, 37128 listed at $359,900 pairs $1,813/mo rent with a $1,762/mo payment. Total monthly income runs $1,813/mo. Return on cash invested measures 16.47% in year one, and rental yield registers 6.05% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 84.16% and total cumulative return in cash totals $100,406. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,813/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy 1 level living with no stairs, oversize 2 car garage (new opener 2023) and extra parking. This home features a lovely covered front porch and a private back patio with retractable awning, overlooking one of the larger lots in the subdivision. 1792 square feet full of natural light, freshly painted with new LVP flooring! No carpet! HVAC replaced 2024. A beautiful entry foyer takes you to a large open plan with combination Living Room, Dining Room and Flex Room or Office with a gas fireplace with remote. A large open Kitchen features lots of cabinets, under counter lighting on remote, eat in Breakfast Room, Pantry and new dishwasher in 2022. The large Master Suite includes a large walk in closet, additional 2nd closet and large Master Bath with double vanities, tub and walk in shower. Your Guest Bedroom has a convenient 2nd full Bath just outside the door. Hot Water Heater 2021. 55 plus community with sidewalks, access to pool, clubhouse w/ exercise room & playground. Convenient to grocery stores, banks, restaurants & medical facilities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 37128, Murfreesboro, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,460 (100%)
Owner Occupied HU	20,186 (62.2%)
Renter Occupied HU	10,890 (33.5%)
Vacant Housing Units	1,384 ( 4.3%)
Median Home Value	$438,307
Average Home Value	$484,652