ZIP CODE 37064 // NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN // DATA AS OF 2026-09-30
Franklin, TN (37064) Rental Property Cap Rate & Cash Flow Report
Located in Williamson County (Franklin, TN), Zip Code 37064 ranks #469 of 500 within this selected sample (6th percentile) with a Zillow ZHVI typical home-value index of $901,467 (+2.8% YoY) and a ZORI observed market rent of $2,217/mo (+1.3% YoY). Requires at least 80.0% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$3,418/mo
Annual: -$41,019/yr
Modeled Cap Rate
1.52%
NOI: $13,680/yr
Cash-on-Cash Return
-19.78%
Cash Needed: $207,337
1% Rule Ratio
0.25%
Gross Yield: 2.95%
Break-Even Rent
$6,146/mo
State Tax: 0.55%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 37064 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TN Avg 0.55%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,558/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,077/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (37064)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $692,466 | $1,885/mo | 3.27% |
| 2022 | $865,576 | $2,036/mo | 2.82% |
| 2023 | $851,531 | $2,098/mo | 2.96% |
| 2024 | $877,813 | $2,119/mo | 2.90% |
| 2025 | $877,130 | $2,188/mo | 2.99% |
| 2026 | $901,467 | $2,217/mo | 2.95% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 37075 Hendersonville, TN | $509,903 | $1,652/mo | 2.33% | -$1,587/mo |
| 37122 Mount Juliet, TN | $565,761 | $2,081/mo | 2.79% | -$1,545/mo |
| 37211 Nashville, TN | $386,297 | $1,432/mo | 2.82% | -$1,045/mo |
| 37128 Murfreesboro, TN | $441,238 | $1,701/mo | 2.97% | -$1,137/mo |
| 37066 Gallatin, TN | $441,341 | $1,718/mo | 3.01% | -$1,123/mo |
| 37129 Murfreesboro, TN | $442,156 | $1,853/mo | 3.33% | -$1,011/mo |