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Outlet Property: Nashville BRRRR – $100K Equity. $30k Estimated Reno. Cash Purchase

Offer: $ 250,000 | asking: $275,000
in
Cotton Blossom Ln,
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146

Available units

Property Description

Steps

  1. Cash offer/purchase – how would not pass apprisal
  2. Renovate
  3. Lease
  4. refiance – optional

 

The local team can handle all the renovations & improvements happen.

Valuation

  • Zestimate: $389,230
  • Zestimate Range: $354,000 – $413,000
  • One Year Forecast: $392,889 (+0.9 %)
  • Comparable homes $386,461

 

Rent

After the house is fully improved – Rent will be between $2500 and $2750 and it will likely sit on the market for longer than average – due to the price point.

Suggested target rent: $2300-$2500 / month

Worth Knowing

  • BRAND NEW ROOF!
  • The deck and the back yard, the finished basement for extra separate room and big room for kid area and another extra room for music, exercise etc. room.
  • Huge master suite on the third floor, plenty of room on middle floor with updated kitchen, granite counters and beautiful hard wood cabinets with lots of pull outs and storage.

 

Address: Cotton Blossom Ln
City:
State/county:
Zip: 37221
Country: United States
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Property ID: 19423
Price: Offer: $ 250,000 | asking: $275,000
Property size: 3 130 ft2
Property lot size: 19 602 ft2
Rooms: 10
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1978
Garage: Yes
Garage Size: 2 Cars
Roofing: New
Rent (mo): 2250
ROI (ann): 17.5
Cashflow (mo): 350
Property Taxes (mo): 167
Insurance (mo): 85
Repairs (mo): 85
Management Fee (mo): 200
Leasing Fee (ann): 1125
HOA (mo): 45
Vacancy Rate (ann): 115
fireplace
back yard
front yard
deck
walkscore0 / Car-Dependent more details here

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