802 E Main St APT 16MurfreesboroTN37130
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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 Murfreesboro at 802 E Main St APT 16, Murfreesboro, TN, 37130 uses $76,212 cash to close to unlock $228/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $1,395/mo, and a $1,125/mo payment keeps the spread at $19/mo. Purchase price stands at $229,900, and rental yield measures 7.28% with $1,395/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 104.25% and total cumulative return in cash records $79,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,395/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Townhouse
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37130, Murfreesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,947 (100%) |
| Owner Occupied HU | 11,437 (42.4%) |
| Renter Occupied HU | 13,885 (51.5%) |
| Vacant Housing Units | 1,625 ( 6.0%) |
| Median Home Value | $452,758 |
| Average Home Value | $490,348 |
Housing Distribution
Address Breakdown
Residential
25,845
Single Family
19,307
Multi-Family
6,538
Businesses
1,296
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Listed by: Kathleen Criswell • Zach Taylor Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3079933