341 Old Trenton Rd
Clarksville, TN 37040
Clarksville Multifamily Opportunity · Land For Sale · 4.42 ac

Key Features: Prime Location: Located in a desirable area with easy access to amenities. Flexible Zoning: R-2 zoning allows for diverse development options. look to add a Variance R-2A to build more dence sf. Development Potential: The large lot size and strategic location offer significant upside. Investment Opportunity: Explore creative financing options to maximize returns. Utilities: Water, Sewer, & Electric are on site with cost exponential savings If you were looking to fix up the 5th and 6th unit and hold. Purchase Price: $750,000 Down Payment: $200,000 Loan Amount: $550,000 Annual Proforma Rental Income: $5,800/month * 12 months/year = $69,600 Interest Rate: 3.5% Loan Term: 5-year balloon Rehab Costs: $25,000 Calculating Annual Debt Service: Monthly Payment: $550,000 * 3.5% / 12 ˜ $1604.17 Annual Debt Service: $1604.17/month * 12 months/year ˜ $19,250 Calculating Annual Cash Flow: Annual Cash Flow = Annual Rental Income - Annual Debt Service Annual Cash Flow = $69,600 - $19,250 = $50,350 Calculating Initial Investment: Initial Investment = Down Payment + Rehab Costs Initial Investment = $200,000 + $25,000 = $225,000 Calculating Cash-on-Cash Return: Cash-on-Cash Return = (Annual Cash Flow / Initial Investment) * 100% Cash-on-Cash Return = ($50,350 / $225,000) * 100% ˜ 22.38% Calculating Cap Rate: Cap Rate = NOI / Property Value Cap Rate = $44,400 / $750,000 ˜ 5.92% Interpretation: Even with the additional $25,000 investment in rehab of 2 vacant units, the cash-on-cash return remains strong at 22.38%. This indicates a solid return on investment.