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$1,450,000

For Sale - Active
621 Chelsea Meadow Cv, Eads, TN 38028
6 Beds
6 Baths
0 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 22, 2025 at 03:35AM

Investment Summary


Monthly Cash Flow
-$4,144
Cap Rate
2.2%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-10.4%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

New price...$1,450,000!! This stunning, 3.41 acre custom home is a perfect blend of luxury and country living, located just 20 mins from the city. The home boasts 6 spacious bedrooms (2 Primary bedrooms down!), 5 full baths and two half baths, providing ample space for family & guests. As you enter the gated neighborhood, Enclave at Sparkle Creek, just off Pisgah, you'll appreciate the sense of privacy and the impressive array of estate homes on large 2-4 acre lots. The heart of the home is a bright and inviting gourmet kitchen/keeping room, which has recently been updated and is perfect for entertaining. Lrge windows flood the space with natural light & provide views of the serene surroundings, including a gunite pool with waterfall. The home features 10 ft ceilings, two-story entry, Viking appliances, new countertops and backsplash, 3 fireplaces, 3-car garage, and much more. With its prime location, ample amenities, & equestrian facilities, this home is an idyllic retreat!

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Location


Property Details


Parking

  • Description: Garage Door Opener(s), Garage
  • Details: Garage Door Opener, Garage Faces Side, Driveway
  • Garage Spaces: 0
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Partial): 2
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $3,000/annually

Land Information

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

Lot Information

  • Parcel ID: D0215FA00018
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional, French
  • Year Built: 2007

Tax Information

  • Annual Tax: $11,581

Utilities

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

Location

  • County: Shelby

Listing Details


Listed by:
Joel J Hobson
Hobson, REALTORS
(901) 482-2929

Source:
Memphis Area Association of REALTORS
MLS#: 10196947
Memphis Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$4,144
Cap Rate
2.2%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-10.4%

Purchase Details

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Purchase price:
$1,450,000
Amount financed:
-$1,160,000
Down payment:
$290,000
Closing costs:
$43,500
Rehab costs:
$0
Initial cash invested:
$333,500
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$1,160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,862
Property tax:
$965
Insurance:
$399
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,226

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,700 $68,400
Vacancy loss: (6%)
6% -$342 -$4,104
Operating income:
$5,358 $64,296

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$965-$11,581
Insurance: (7%)
7%-$399-$4,788
Property management: (8%)
8%-$456-$5,472
Repairs & maintenance: (5%)
5%-$285-$3,420
Capital expenditures: (5%)
5%-$285-$3,420
HOA fees: (4%)
4%-$250-$3,000
Total operating expenses: (46%)
46%-$2,640-$31,681

Cash Flow


Monthly Yearly
Net operating income:
$2,718 $32,616
Mortgage payments:
-$6,862 -$82,344
Cash flow:
$4,144 $49,728