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Updated about 1 month ago, 11/20/2024

User Stats

4
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0
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Michael Irwin
  • Real Estate Agent
  • Nashville, TN
0
Votes |
4
Posts

Top 5 Locations in Nashville to Flip

Michael Irwin
  • Real Estate Agent
  • Nashville, TN
Posted

I’ve pinpointed the top five neighborhoods where the potential for a high return on investment (ROI) is strongest. Here's where you should focus your efforts:

1. East Nashville



  • Why It's Hot: This trendy neighborhood is popular among young professionals and families seeking a mix of charm and modern amenities. Craftsman bungalows and historic homes are in high demand.

  • Key ROI Factors:

    • Homes often need cosmetic updates, not full rebuilds, making renovation costs manageable.
    • ARV is climbing as retail, restaurants, and parks continue to develop in the area.


  • Pro Tip: Focus on properties within walking distance of hotspots like Five Points or Riverside Village for a premium resale value.

2. The Nations



  • Why It's Hot: This area has undergone rapid gentrification over the past decade, and the trend isn’t slowing. Modern builds and thoughtful rehabs sell quickly.

  • Key ROI Factors:

    • Strong rental market for investors who want to flip and hold.
    • First-time homebuyers are flocking here for affordable entry-level homes with character.


  • Pro Tip: Target small, outdated homes on larger lots to capitalize on backyard improvements or expansions.

3. Woodbine



  • Why It's Hot: This hidden gem is just south of downtown, offering proximity to the city without the high price tag. It’s a neighborhood that’s gaining momentum as more investors discover it.

  • Key ROI Factors:

    • Low entry prices compared to other urban neighborhoods.
    • High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.


  • Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.

4. Madison



  • Why It's Hot: Located just 15 minutes north of downtown, Madison is a neighborhood where affordability meets opportunity. The area is attracting young families and first-time buyers priced out of other areas.

  • Key ROI Factors:

    • Properties are still undervalued compared to nearby Inglewood and East Nashville.
    • Strong demand for affordable, move-in-ready homes with modern upgrades.


  • Pro Tip: Focus on curb appeal—renovated exteriors sell fast in this area.

5. Antioch



  • Why It's Hot: Historically considered a more affordable suburb, Antioch is evolving as more people move to Nashville and look for space and affordability.

  • Key ROI Factors:

    • High rental demand makes it ideal for flippers who want the option to hold properties.
    • Rapid development of retail and infrastructure is boosting home values.


  • Pro Tip: Invest in homes near the new developments around Century Farms or along Murfreesboro Pike for maximum appreciation potential.

Bonus Tips for Success



  • Run the Numbers: Stick to your investment formula, but be flexible. Nashville’s market is competitive, and not every deal will fit the 70% rule exactly. Focus on potential profit margins and market trends.

  • Be Local: Understanding micro-markets within these neighborhoods can mean the difference between a good flip and a great one.

  • Network: Partner with investor-friendly agents, contractors, and wholesalers who know how to find and secure off-market deals.

Nashville's real estate market continues to thrive, and these neighborhoods are at the center of the action. Whether you’re a seasoned pro or just starting, the opportunities are here. 

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