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$1,424,000

For Sale - Active
8217 W Chase Ct, Nashville, TN 37221
6 Beds
7 Baths
6,843 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jun 20, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$2,508
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

PRICED BELOW APPRAISAL!! Thrilled to present this stunning luxury home, a truly remarkable find in a highly desired Nashville community only minutes from Franklin! Its impressive floor plan and exceptional features are sure to capture your attention. The home features an open floor plan that flows beautifully, creating an inviting atmosphere with a main floor owner's suite, three gas fireplaces, 20-foot ceilings, custom windows, and gorgeous details. Enjoy a bonus room with an attached half bath and a secret playroom. The kitchen was fully remodeled in 2023 and includes quartz counters, custom shelving, a large pantry, and stainless steel appliances. This generous walkout in-law suite offers two comfortable bedrooms, two full bathrooms, a cozy living room with a fireplace, a private laundry hookup, and a fully equipped second kitchen — perfect for extended family or guests seeking privacy and independence. Relax and entertain on the incredible screened porch with heaters, a fireplace, and a porch swing. The multi-level deck offers breathtaking sunset views, and the large, private backyard is surrounded by trees and includes an underground pet fence. You'll find abundant storage and ample space for vehicles and toys in the attached three-car garage. Located on a cul-de-sac, this home is just minutes from a highly-rated school district, Percy Warner Park, and the retail and dining options at One Bellevue Place. This home offers the perfect blend of luxury, comfort, and convenience.

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Location


Property Details


Parking

  • Description: Attached
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Partial): 2
  • # of Baths (Total): 7.0

Interior Features

  • # of Rooms: 16
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Apartment
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Asphalt

HOA

  • Has HOA: Yes
  • HOA Fee: $240/annually

Land Information

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

Lot Information

  • Parcel ID: 15609005100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $6,949

Utilities

  • Water & Sewer: Private
  • Heating: Central, ENERGY STAR Qualified Equipment
  • Cooling: Ceiling Fan(s), Attic Fan, Central Air, Electric

Location

  • County: Davidson

Listing Details


Listed by:
Justin Jarek
Keller Williams Realty
(321) 372-4385

Source:
Realtracs
MLS#: 2804186

Investment Summary


Monthly Cash Flow
-$2,508
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Purchase Details

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Purchase price:
$1,424,000
Amount financed:
-$1,139,200
Down payment:
$284,800
Closing costs:
$42,720
Rehab costs:
$0
Initial cash invested:
$327,520
Square feet:
6,843
Cost per square foot:
$208
Monthly rent per square foot:
$1.02

Financing Details

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Loan amount:
$1,139,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,739
Property tax:
$579
Insurance:
$490
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,808

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,000 $84,000
Vacancy loss: (6%)
6% -$420 -$5,040
Operating income:
$6,580 $78,960

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$579-$6,949
Insurance: (7%)
7%-$490-$5,880
Property management: (8%)
8%-$560-$6,720
Repairs & maintenance: (5%)
5%-$350-$4,200
Capital expenditures: (5%)
5%-$350-$4,200
HOA fees: (0%)
0%-$20-$240
Total operating expenses: (34%)
34%-$2,349-$28,189

Cash Flow


Monthly Yearly
Net operating income:
$4,231 $50,772
Mortgage payments:
-$6,739 -$80,868
Cash flow:
$2,508 $30,096