Property Details
| Address |
267 Smithson Lane, Clarksville, TN 37042 |
| Property Type |
Quadplex (4 units) |
| Year Built |
2021 |
| Construction |
All Brick |
| Total Sq Ft |
4,612 SF |
| Unit Configuration |
3 BR / 2 BA per unit |
| Location |
Flint Ridge — Near Fort Campbell |
| Property Taxes (Annual) |
$9,759 |
| Property Management |
Professionally Managed |
Current Lease Schedule
Unit A
Monthly Rent
$1,050
Lease Expires
Feb 28, 2027
Occupied
Unit B
Monthly Rent
$1,250
Lease Expires
Sept 30, 2026
Occupied
Unit C
Monthly Rent
$1,300
Lease Expires
July 16, 2026
Occupied
Unit D
Monthly Rent
$1,098
Lease Expires
Jan 31, 2027
Occupied
Total Gross Monthly Rent — All 4 Units Occupied
$4,698 / mo · $56,376 / yr
Investment Structure
| Purchase Price |
$725,000 |
| VA Loan Assumed (2.706% fixed, 30-yr) |
$399,000 |
| 2nd Note Payoff to Original Owner |
$100,000 |
| Original Owner Discount |
($86,727) — reduced from $186,727 owed |
| Assignment Fee to Current Owners |
$226,000 |
| Total Cash to Bring to Closing |
$326,000 |
Cash Flow Comparison
|
VA Assumption
2.706% |
Conventional
6.15% |
| Monthly Gross Rent |
$4,698 |
$4,698 |
| Monthly Mortgage (P&I) |
($1,612) |
($3,111) |
| Property Taxes (Monthly) |
($813) |
($813) |
| Insurance (Est.) |
($250) |
($250) |
| PM Fee (8%) |
($376) |
($376) |
| Net Monthly Cash Flow |
+$1,647 |
+$148 |
Monthly Advantage of VA Assumption over Conventional
+$1,499 / mo
Why this deal works: The 2.706% assumed rate produces $1,499/mo more cash flow than conventional financing at 6.15%. The original owner is taking an $86,727 discount on his second note to facilitate the deal. This rate-locked advantage is locked in for the life of the loan and cannot be replicated on the open market.
Showing & Access
Showing Instructions
24-hour advance notice required for all showings.
All showings must be coordinated through the property manager. Contact the listing agent to schedule.
All four units are currently occupied with active leases — please respect tenants' privacy and scheduled appointment times.
Buyer Qualification
VA Eligibility
Active duty, veteran, or eligible reservist with valid COE required for entitlement substitution
Cash Requirement
Approximately $326,000 cash to close (2nd note payoff + assignment fee)
Credit Qualification
Must qualify with loan servicer (Carrington) for VA assumption approval
Proof of Funds
POF or pre-qualification letter required prior to showing
Confidentiality Notice: This investment summary is provided for informational purposes only. All financial projections, rental income, and return estimates are based on current data and are subject to change. Prospective buyers must conduct their own due diligence. This is not an offer of securities. Proof of funds and/or VA eligibility documentation required before property access is granted.