SOLDSingle Family
Justin Timberlake Sells 127-Acre Nashville Land For $8M Through Tom Sullivan, Covey Rise Properties
Old Highway 96
$8,000,000
Building Size
—
Asset Type
Single Family
Closing
Jun 21, 2024
AI
Justin Timberlake sold nearly 127 acres of land on Nashville's outskirts for $8 million, doubling his investment since purchasing it for $4 million in 2015.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,000,000
- Address: 0 Old Hwy 96
- Market: Nashville, TN
- Asset Type: Single Family ~ ACRES: 127
Tom Sullivan, from Covey Rise Properties, represented Justin Timberlake in the sale of the land.
Players
Nashville Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93