1803 Cherokee Dr

Columbia, TN 38401
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2 bd, 2 ba | 980 sqft | Built in 1990

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,340

Total Return

$149,068

Annualized Return

31.6%

Cap Rate

6.0%

Gross Yield

8.5%

Cash Flow

$483

Appreciation

12.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,050

HOA

None

Flood Risk

Not Required

This charming single-family home at 1803 Cherokee Dr in Columbia, Tennessee, was built in 1990 and offers a cozy 980 square feet of living space. Nestled on a 0.14-acre lot, the home features 2 bedrooms and 1.50 bathrooms. Inside, you'll find a combination of new carpet and new flooring as well as brand new HVAC system.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$15,276

Expenses

-$2,719

Property Taxes

-$1,750

Loan Payments

-$10,324

Net Cash Flow

$483

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Joshua Fink
Agent License 351484
Joshua Fink
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealTracs
MLS #2804404
Last Updated: 03/15/2025 00:03
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