4 Beds 3 Baths in Nashville, TN

🔥 Subto Deal in Nashville, TN 🔥

Seize this fantastic Subto investment opportunity in Nashville, TN, featuring a spacious and well-maintained 4-bedroom, 3-bathroom home. With no balloon payment and strong long-term rental cash flow potential, this property offers an excellent return on investment.

Terms:

• Purchase Price: $369,500
• Entry Fee: $36,500
• Approximate Existing Mortgage: $333,000
• Interest Rate: 5.375%
• PITI: $2,263/month
• HOA: $320/month
• Long-Term Rent: $2,980/month (RentCast)
• Propstream Estimated Value: $392,000
• Earnest Money Deposit (EMD): $5,000
• Closing Date: Before August 2nd

Property Details:

• Location: Nashville, TN
• Bedrooms: 4
• Bathrooms: 3
• Recent Updates:
  • Whole house repainted within the last 2 years
  • Carport repainted
  • Shed siding replaced and repainted
  • New insulation blown into attic
  • New attic vents added
  • Gas line ran to the kitchen
  • New gas stove installed in November 2022
  • Newer washer and dryer (2022)
  • Newer water heater (2021-2022)
  • Kitchen cabinets repainted in January 2024

Investment Highlights:

• No Balloon Payment: Provides long-term financial stability.
• Strong Long-Term Rental Cash Flow: Projected rental income of $2,980/month ensures positive cash flow.
• Well-Maintained Property: Recent updates and renovations reduce maintenance costs and increase rental appeal.
• Prime Location: Located in Nashville, a vibrant and growing market.

This property offers a compelling investment opportunity with a low entry fee of $36,500 plus closing costs, and a manageable PITI of $2,263/month. The additional HOA fee of $320/month ensures well-maintained communal areas and amenities. With an estimated property value of $392,000, there’s immediate equity in this deal, enhancing its attractiveness.

Secure this prime investment in Nashville with a $5,000 earnest money deposit and prepare to generate strong rental income from a desirable and well-maintained property. The absence of a balloon payment and the recent updates make this home a low-risk, high-reward addition to your portfolio.

Details

Property ID
SPSP-18677

Bedrooms
4

Bathrooms
3

Property Size
1716

Entry Cost ($)
36500

APR (%)
5.375

PITI ($)
2264

Balance ($)
333000