$225,000 · NASHVILLE, TN 37216
Works for flippers · Landlords would lose money

Available

$225,000Asking price

2 bd · 1 ba · 810 sq ft · built 1993

NASHVILLE, TN 37216

No contract on file

via InvestorLift Classic

5 views · listed 5 days ago

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $335,000
Asking price: −$225,000
RepairsMiddle of the seller’s $20,000 – $40,000. Ours: $10,000 – $21,000: −$30,000
Loan, holding, closing20% down, 12% interest, 2 points, 72 days: −$24,661
Profit16.5% of ARV · flippers want 10%+: $55,339
Works

Works for a flipper up to $245,000.

KING STREET PROPERTY GROUP

Sam Jenkins

No reviews yet

Comps

Sales

Rents

ARV $335,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $321,000.

The sales behind this value are shown to members.

ARV $335,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

KING STREET PROPERTY GROUP

Sam Jenkins

No reviews yet

Seller Description

Light rehab: just needs cosmetic updates throughout, including kitchen, bath, flooring, ceilings, paint and fixtures. No layout changes.

Comps right on top of us:

411 Lemont Dr - 2/2, 913 sqft - sold $370K (3/26)

400 Lemont Dr - 2/1, 820 sqft - sold $340K (11/25)

More Pics / Video: https://www.dropbox.com/scl/fo/j14ngr8kiggg4025hsex2/AFbxKfrgOf8GfvBvPV7FrI8?rlkey=ajccw4hg8gp8hntig65547niz&st=ntu5var0&dl=0

Disclaimer: This opportunity is a resale transaction structured as a double closing. Seller intends to acquire title prior to or concurrently with resale to the end buyer. Buyer shall cover both A-B and B-C closing costs. Seller is a licensed real estate agent in the State of Tennessee acting solely as a principal and not representing the buyer in an agency capacity. This is an investment opportunity and not an MLS retail listing. Property is sold AS-IS. All information is believed accurate but not guaranteed. Buyer must conduct independent due diligence and verification of all material facts. This property is under contract with Jenkins Homebuyers, and we hold an equitable interest in the property. Any attempt to contact the seller or agent directly or otherwise interfere with or circumvent our contractual rights may result in legal action. Opinions regarding the After Repair Value (ARV) and rents are provided as a courtesy and do not carry any explicit or implied guarantees.