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$949,000

For Sale - Active
1212 Laurel St Apt 1905, Nashville, TN 37203
2 Beds
2 Baths
1,210 Square Feet
0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 22, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$2,795
Cap Rate
2.8%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.9%

Property Description


0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Lender incentives offered with our preferred lender! Soaring above the city on the 19th floor of Nashville’s premier high-rise, this 2 bed / 2 bath condo offers breathtaking panoramic city views and elevated finishes in every corner. With floor-to-ceiling windows, a spacious private balcony, and two walk-in closets, this home blends luxury and functionality. Custom features include a built-in bar and desk, upgraded lighting and mirrors, and a Reme Halo LED air purifier. Both bathrooms have sleek tilework and custom glass shower doors. NEW water heater, custom blinds, and washer/dryer remain. This move-in ready unit offers an open layout with premium finishes throughout. Building amenities include 24/7 concierge, saltwater pool, fitness center, resident lounges, and secured garage parking. Located in The Gulch with walkable access to dining, shopping, and Whole Foods. Twelve Twelve is an established, full-service luxury high-rise. Long-term rentals (12+ months) allowed; subject to HOA rental cap waitlist.

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Location


Property Details


Parking

  • Details: Assigned
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 23
  • Basement: Yes
  • Basement Description: Other

Exterior Features

  • Exterior Walls Materials: Glass
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $746/monthly
  • Additional HOA Fee: $500

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 093090C22700
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2014

Tax Information

  • Annual Tax: $6,343

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Davidson

Listing Details


Listed by:
Gary Ashton
The Ashton Real Estate Group of RE/MAX Advantage
(615) 301-1650

Source:
Realtracs
MLS#: 2907764

Investment Summary


Monthly Cash Flow
-$2,795
Cap Rate
2.8%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.9%

Purchase Details

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Purchase price:
$949,000
Amount financed:
-$759,200
Down payment:
$189,800
Closing costs:
$28,470
Rehab costs:
$0
Initial cash invested:
$218,270
Square feet:
1,210
Cost per square foot:
$784
Monthly rent per square foot:
$4.13

Financing Details

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Loan amount:
$759,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,970
Property tax:
$529
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,849

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$529-$6,343
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (15%)
15%-$746-$8,952
Total operating expenses: (50%)
50%-$2,525-$30,295

Cash Flow


Monthly Yearly
Net operating income:
$2,175 $26,100
Mortgage payments:
-$4,970 -$59,640
Cash flow:
$2,795 $33,540