Pricing and availability verified · figures are subject to builder change — confirm before relying on them.
Cedar Grove Village offers newly built, low-maintenance townhomes in one of the fastest-growing submarkets outside Nashville. This community is designed for everyday convenience and long-term rental appeal.
Residents benefit from:
Walkability to retail, dining, and local services
Proximity to highly rated Rutherford County schools
Access to Smyrna Train Depot events, farmers markets, and seasonal activities
Nearby parks including Lee Victory Park (trails, sports fields, open space)
Easy commute to Nashville (~30 minutes via I-24 & Sam Ridley Parkway)
Why It Rents Well
3-bedroom, 2.5-bathroom configuration appeals to a broad tenant pool — families, couples, roommates and renters needing office space
1,673 to 1,687 square feet — a generous townhome footprint, and near-identical across both plans
1 or 2-car garage depending on plan
New construction (2026) — modern finishes and lower expected near-term maintenance
Low-maintenance, walkable setting — retail, dining and local services within walking distance
Family appeal — highly rated Rutherford County schools and Lee Victory Park nearby
Location Advantages
Walkable to retail, dining and local services
Highly rated Rutherford County schools nearby
Lee Victory Park — trails, sports fields and open space
Smyrna Train Depot events, farmers markets and seasonal activities
Easy commute to Nashville, roughly 30 minutes away
Why This Location Performs Well for Investors
Strong population growth and rental demand in Smyrna
Close proximity to Nashville job market without Nashville pricing
New construction = lower maintenance + higher rent durability
Consistent demand for 3-bedroom townhomes
Investment Summary
Cedar Grove Village is newly built, low-maintenance townhomes in Smyrna, Tennessee, roughly 30 minutes from Nashville, carrying an A- neighborhood grade. Homes run $325,000 to $375,000 against estimated rents of $2,395 to $2,495 per month.
At 23% to 24% estimated operating expenses — the lowest expense ratio in the current IPS inventory — the plans project a 6% to 6.1% cap rate and roughly $224 to $225 per month in projected cash flow.
The two plans sit at different entry points for a near-identical footprint, so the cheaper plan carries the stronger return.
Floor Plans & Numbers
Harper Plan
Price: $374,000
2-Story | 3 Bed | 2.5 Bath | 1,673 SF | 2-Car Garage
Estimated Rent: $2,495/month
Estimated Expenses: 23%
Estimated Cap Rate: ~6.0%
Projected Cash Flow: ~$224/month
Year Built: 2026
Neighborhood Class: A-
Overview: This two-story layout offers an open-concept main floor connecting the living, dining, and kitchen areas—ideal for modern living. A covered patio extends the living space outdoors. Upstairs features two secondary bedrooms and a spacious primary suite with walk-in closet and private bath.
Why It Rents Well:
Functional open-concept layout
2-car garage (strong tenant appeal)
Separation of living and sleeping spaces
New construction = low maintenance + premium rents
Camden Plan
Price: $252,500
2-Story | 3 Bed | 2.5 Bath | 1,687 SF | 1-Car Garage
Estimated Rent: $2,395/month
Estimated Expenses: 24%
Estimated Cap Rate: ~6.1%
Projected Cash Flow: ~$225/month
Year Built: 2026
Neighborhood Class: A-
Overview: This efficient two-story design maximizes space with an open main-level layout combining kitchen, dining, and living areas. All bedrooms are upstairs, including a large primary suite with private bath and walk-in closet.
