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$449,900

For Sale - Active
806 Drummond Dr, Nashville, TN 37211
3 Beds
2 Baths
1,433 Square Feet
0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 22, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$1,238
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 1955
For Sale - Active
Units n/a

Beautiful home on a quiet street in a non-HOA family friendly subdivision, Brand New Concrete Driveway with a large lot and fully fenced in backyard. 4 year old Roof and Windows with an attached sunroom that comes off a multipurpose bonus room/den that could be used as a fourth bedroom, Office or playroom. Newwer HVAC, New exterior and interior paint with new LVP flooring throughout the home. Tiled master shower with double vanity sinks in master bath, and tile floors in both bathrooms. Walk-in closet in master, ceiling fans in all three bedrooms and recessed lighting throughout the home. Open floor plan with large kitchen island, granite countertops and stainless steel appliances. Laundry room with a lot of interior and exterior storage. Dust till Dawn floodlights on both front corners of the home with covered front porch.

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Location


Property Details


Parking

  • Description: Attached
  • Details: Attached, Concrete, Driveway
  • Garage Spaces: 0
  • Spaces Total: 9

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement Description: Crawl Space

Land Information

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

Lot Information

  • Parcel ID: 11912006400
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1955

Tax Information

  • Annual Tax: $2,317

Utilities

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

Location

  • County: Davidson

Listing Details


Listed by:
Blake Propst
Benchmark Realty, LLC
(615) 300-3544

Source:
Realtracs
MLS#: 2900510

Investment Summary


Monthly Cash Flow
-$1,238
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:
$449,900
Amount financed:
-$359,920
Down payment:
$89,980
Closing costs:
$13,497
Rehab costs:
$0
Initial cash invested:
$103,477
Square feet:
1,433
Cost per square foot:
$314
Monthly rent per square foot:
$1.33

Financing Details

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Loan amount:
$359,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,356
Property tax:
$193
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,682

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$193-$2,317
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$668-$8,017

Cash Flow


Monthly Yearly
Net operating income:
$1,118 $13,416
Mortgage payments:
-$2,356 -$28,272
Cash flow:
$1,238 $14,856