- INVESTMENT PROPERTIES - HOME OWNERSHIP - RENTALS - OWNER FINANCING - SECTION 8 RENTALS - OVER 4K HOMES SOLD
- tkhbllc@gmail.com
1809, Golf Club Road, Old Hickory, Lakewood, Nashville, Davidson County, Middle Tennessee, Tennessee, 37138, United States
Overview
|Description
Introducing Golf Club Road — a newly built home designed with modern living in mind, nestled in the growing community of Madison, TN. This 4-bedroom, 2.5-bath property offers a harmonious blend of stylish comfort and smart investment potential. Huge Appreciation (Estimated currently at 3.5% per year)
Boasting 2,069 sq ft of beautifully finished living space, the home features a contemporary kitchen, open living and dining areas, and generously sized bedrooms, making it perfect for investors looking to attract long-term renters. With a 2-car garage and thoughtfully landscaped outdoor space, this property offers everyday convenience and upscale curb appeal.
Rental Term Sheet Only! No option to Purchase!
| Lease year from move-in | Monthly payment |
|---|---|
| Year 1 | $3,099.00 |
| Year 2 | $3,299.00 |
| Year 3 | $3,499.00 |
| Year 4 | $3,599.00 |
| Year 5 | $3,625.00 |
Owner Financed Purchase Option Term Sheet
1809 Golf Club | Nashville, Tennessee
This term sheet summarizes proposed terms for occupying 1809 Golf Club under a five-year purchase option, with seller financing if the option is exercised and the sale closes. The proposed rental prices compound annually at 3.5% from the $569,900 starting sales price. This is a discussion draft for review and preparation of definitive written agreements.
Property overview
| Property | 1809 Golf Club, Nashville, Tennessee (the Property). Street suffix, parcel number, and legal description to be confirmed in definitive documents. |
|---|---|
| Starting sales price | $569,900.00 |
| Option fee | $15,000 due upon signing. The option fee is non-refundable. If purchaser exercises the option and completes the purchase, seller will credit $15,000 toward the purchase price at closing. |
| Monthly payment and late fee | Year 1 monthly rent is $3,099.00, increasing 3.5% annually as shown in the rent schedule. The first month’s rent is due before move-in. A $300 late fee applies to rent paid after the 6th of each month. |
| Move-in | November 1, 2026, or sooner, on a date agreed by the parties in writing. |
| Purchase option | The option period is five (5) years from the move-in date. Proposed purchase prices for Years 1 through 5 are shown in the schedule. Exercise notice, earliest exercise date, closing period, and procedures will be set in definitive documents. |
Purchase price schedule
Proposed purchase prices are calculated by compounding the $569,900 starting sales price at 3.5% annually from move-in. Amounts are rounded to the nearest cent and are proposed contract prices, not an appraisal.
| Purchase year from move-in | Proposed purchase price |
|---|---|
| Year 1 | $589,846.50 |
| Year 2 | $610,491.13 |
| Year 3 | $631,858.32 |
| Year 4 | $653,973.36 |
| Year 5 | $676,862.43 |
Annual rent schedule
| Lease year from move-in | Monthly payment |
|---|---|
| Year 1 | $3,099.00 |
| Year 2 | $3,207.47 |
| Year 3 | $3,319.73 |
| Year 4 | $3,435.92 |
| Year 5 | $3,556.17 |
Owner financing at purchase
If purchaser exercises the option and the sale closes, seller will finance the remaining purchase balance. The $15,000 option-fee credit and any accrued monthly rent credits will be applied at closing to reduce the balance to be financed. The interest rate, amortization period, monthly principal-and-interest payment, first payment date, maturity or balloon payment, prepayment terms, title-transfer structure, security instrument, and default and cure terms remain to be agreed in definitive documents.
Credits at purchase closing
Option fee credit. The $15,000 option fee is due upon signing and is non-refundable. If purchaser exercises the option and completes the purchase, seller will credit $15,000 toward the purchase price at closing; otherwise, seller retains the fee.
Monthly rent credit. Seller will credit purchaser $100 per month toward the purchase price at closing. The credit applies for each month in which the scheduled rent is paid on or before the 5th. A payment after the 6th is late, incurs the $300 late fee, and resets accrued monthly credits to $0. Credits resume the following month at $100 for each subsequent rent payment made on or before the 3rd. The credits reduce the balance to be financed at closing.
Example. If purchase closes after 36 months and all 36 monthly payments were timely, the Year 3 purchase price of $631,858.32 would be reduced by the $15,000 option-fee credit and $3,600 in monthly rent credits, leaving an illustrative seller-financed balance of $613,258.32 before interest, closing costs, or other adjustments.
Items for definitive documents
- Specify responsibility for utilities, maintenance, taxes, insurance, and repairs.
- Specify exercise notice, closing timeline, interest and repayment terms, title transfer and security documents, taxes and insurance, and default and cure procedures.
Nonbinding discussion draft
This term sheet is a summary of proposed business terms for discussion and attorney review. It is not a purchase agreement or option contract and does not itself grant a right to occupy or purchase the Property. Any binding obligations are subject to execution of definitive written agreements by all required parties.
Floor Plans
1 Bedroom Apartment
A walk-in closet and a bathroom with a vanity, toilet, and walk-in shower are also included in the attached bedroom.
Property on Map
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