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$2,099,000

For Sale - Active
208 Fairfax Ave, Nashville, TN 37212
5 Beds
3 Baths
3,613 Square Feet
0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 08, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$5,787
Cap Rate
3.0%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.9%

Property Description


0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a

Historic colonial nestled on .22 acres. Completely renovated with modern finishes that replicate the historic charm of the house. Move-in ready with new doors, windows, plumbing, electrical, HVAC, cabinets, countertops, appliances, paint, trim, fixtures, etc. Restored original hardwood flooring creates a rich impression to the overall feel of the design. Three multi-use spaces would make great art room, music room, homeschool classroom, etc. Brand new private driveway and freshly graded yard. Minutes to I-440 and W End. Walkable neighborhood. No HOA! Plenty if yard space for 3 up to 3 car garage or additional living unit!

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Location


Property Details


Parking

  • Description: Unassigned, Concrete, Driveway
  • Details: Unassigned, Concrete, Driveway
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

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 Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 10406008600
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1948

Tax Information

  • Annual Tax: $11,234

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Electric

Location

  • County: Davidson

Listing Details


Listed by:
Kimbel Lea Mengelberg
Blackwell Realty and Auction
(615) 476-1440

Source:
Realtracs
MLS#: 2904388

Investment Summary


Monthly Cash Flow
-$5,787
Cap Rate
3.0%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.9%

Purchase Details

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Purchase price:
$2,099,000
Amount financed:
-$1,679,200
Down payment:
$419,800
Closing costs:
$62,970
Rehab costs:
$0
Initial cash invested:
$482,770
Square feet:
3,613
Cost per square foot:
$581
Monthly rent per square foot:
$2.46

Financing Details

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Loan amount:
$1,679,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$10,992
Property tax:
$936
Insurance:
$623
Private mortgage insurance (PMI):
$0
Monthly payment:
$12,551

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,900 $106,800
Vacancy loss: (6%)
6% -$534 -$6,408
Operating income:
$8,366 $100,392

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$936-$11,234
Insurance: (7%)
7%-$623-$7,476
Property management: (8%)
8%-$712-$8,544
Repairs & maintenance: (5%)
5%-$445-$5,340
Capital expenditures: (5%)
5%-$445-$5,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$3,161-$37,934

Cash Flow


Monthly Yearly
Net operating income:
$5,205 $62,460
Mortgage payments:
-$10,992 -$131,904
Cash flow:
$5,787 $69,444