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$1,499,999

For Sale - Active
110 High Point Anchorage, Hendersonville, TN 37075
4 Beds
3 Baths
3,985 Square Feet
0.00 Acres Lot
Built in 1981
For Sale - Active
1 Units
Checked: 16 hours ago
Updated: Jun 19, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$5,428
Cap Rate
1.9%
Cash-on-Cash Return
-18.9%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-14.2%

Property Description


0.00 Acres Lot
Built in 1981
For Sale - Active
1 Units

Fully remodeled lakefront home on an almost 1 acre lot. Home sits on a quiet culdesac with lake views all around. Home has a shared HOA dock, with its own private boat slip. Huge front yard. Beautifully landscaped with a new front porch and tons of curb appeal and charm. Step inside to a beautiful marble entryway with a double sided fireplace. New marble countertops and backsplash in the kitchen. New laundry room with new washer and dryer and marble countertops. 4 bedrooms and 2 spacious flex rooms. All new plumbing throughout entire house, whole house water filtration, and instant hot water line to all fixtures. New sub floor and flooring throughout, wide planked engineered hardwood and new carpet installed. Brand new lighting installed in whole house. Updated electrical with new switches and outlets in whole house. New AC unit. The updates are endless come and see for yourself. Home has a basement utility room that is unfinished.

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Location


Property Details


Parking

  • Description: Attached - Rear
  • Details: Garage Door Opener, Garage Faces Rear, Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 172CD02200
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1981

Tax Information

  • Annual Tax: $4,827

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Sumner

Listing Details


Listed by:
Kelli Nelson
RE/MAX Choice Properties
(310) 701-5227

Source:
Realtracs
MLS#: 2812706

Investment Summary


Monthly Cash Flow
-$5,428
Cap Rate
1.9%
Cash-on-Cash Return
-18.9%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-14.2%

Purchase Details

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Purchase price:
$1,499,999
Amount financed:
-$1,199,999
Down payment:
$300,000
Closing costs:
$45,000
Rehab costs:
$0
Initial cash invested:
$345,000
Square feet:
3,985
Cost per square foot:
$376
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$1,199,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$7,855
Property tax:
$402
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,544

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$402-$4,827
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,427-$17,127

Cash Flow


Monthly Yearly
Net operating income:
$2,427 $29,124
Mortgage payments:
-$7,855 -$94,260
Cash flow:
$5,428 $65,136