ZIP CODE 37066 // NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN // DATA AS OF 2026-09-30
Gallatin, TN (37066) Rental Property Cap Rate & Cash Flow Report
Located in Sumner County (Gallatin, TN), Zip Code 37066 ranks #266 of 500 within this selected sample (47th percentile) with a Zillow ZHVI typical home-value index of $441,341 (+0.6% YoY) and a ZORI observed market rent of $1,718/mo (+1.5% YoY). Requires at least 60.3% 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
-$1,123/mo
Annual: -$13,478/yr
Modeled Cap Rate
3.01%
NOI: $13,302/yr
Cash-on-Cash Return
-13.28%
Cash Needed: $101,508
1% Rule Ratio
0.39%
Gross Yield: 4.67%
Break-Even Rent
$3,009/mo
State Tax: 0.55%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 37066 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TN Avg 0.55%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,232/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$610/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (37066)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $376,296 | $1,457/mo | 4.65% |
| 2022 | $453,956 | $1,615/mo | 4.27% |
| 2023 | $438,589 | $1,663/mo | 4.55% |
| 2024 | $437,396 | $1,665/mo | 4.57% |
| 2025 | $438,622 | $1,693/mo | 4.63% |
| 2026 | $441,341 | $1,718/mo | 4.67% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 37128 Murfreesboro, TN | $441,238 | $1,701/mo | 2.97% | -$1,137/mo |
| 37211 Nashville, TN | $386,297 | $1,432/mo | 2.82% | -$1,045/mo |
| 37122 Mount Juliet, TN | $565,761 | $2,081/mo | 2.79% | -$1,545/mo |
| 37129 Murfreesboro, TN | $442,156 | $1,853/mo | 3.33% | -$1,011/mo |
| 38401 Columbia, TN | $371,173 | $1,586/mo | 3.41% | -$822/mo |
| 37040 Clarksville, TN | $304,511 | $1,303/mo | 3.42% | -$673/mo |