🔥 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
Updated on July 15, 2024 at 6:11 pm