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$800 a Month Cash Flow – WOW! [Code 8403]

Posted by Powered by Simply Do It on February 21, 2022
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  • 10-unit group-buy.  You are able to buy 1 or more (or all) units depending on your preference, but all 10 units need to be purchased with SDI investors at the same time as a group
  • No (low) crime area
  • Around $800/mo. cash flow for each unit based on market rent
  • Six 4-bedroom townhomes with 2.5 baths and 2 car garages (one unit has a 1.5 car garage)
  • Two 3-bedroom (with bonus room) townhomes with 2.5 baths and 2 car garages
  • Two 3-bedroom townhomes with 2.5 baths and 1 car garages
  • Townhomes are in separate buildings ranging from 2 units to 3 units per building  
  • Hardwood flooring/carpet throughout
  • The master insurance policy will allow for a lower premium – added the upper range of the reduced premium to the spreadsheet

  • Nashville Metro near Chattanooga

  • 3-5 minutes to VW, Amazon, and FedEx, Interstate 75. Exceptional location
  • Each of the units are titled separately and can be split and sold off individually
  • HOA provides lawn care
  • All units are leased.  We have requested the rent roll, but have not received it yet from sellers agent
  • Buyers must show proof of funds or pre-approval letter
  • 75,052 square foot lot 

Why should you consider this house / what makes it a good investment?

  • Built: 2017-2018
  • Size: 19,750  sq ft (approximately 1200 sq. foot per unit depending on which unit is selected)
  • Quiet residential street, Desirable community, B rated schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Nashville

Team: Fred – email directly at nash1@simplydoit.net

Code: 8403


**Example of analysis with generic numbers (these could change depending on which unit chosen)**

Purchase Assumptions My Offer
Offer used for analysis $324,000
Suggested offer (low) $324,000
Suggested offer (high) $324,000
Asking $324,000
Market Value (after improvements) $324,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,240
Mortgage Costs $3,240
Other Fees At Closing $0
Total Cost  $332,480

Financial Assumptions Monthly Yearly
Rent (upper) $2,500 $2,550 $30,600
Rent (lower) $2,450 $29,400
 Property Tax Rate (Approx.) 0.3%  
 Property Taxes $76 $912
 Insurance $70 $840
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $200 $2,400
 Leasing Fee 50% $52.1 $625
 HOA $46 $552
 Vacancy Rate 4.0%  
 Total Fixed Expenses $611 $7,333
 Total Expenses (Fixed + Mortgage) $1,771 $21,254

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 10.8% 12.2% 13.6% 15.2%
 Net Cash Flow $48,353 $108,983 $183,168 $272,320
 Equity Increase $93,408 $207,154 $345,667 $514,339
 Total Gain $141,761 $316,137 $528,835 $786,659
           
 Average Cash Flow/Year $9,671 $10,898 $12,211 $13,616
 Average Cash Flow/Month $806 $908 $1,018 $1,135
 Average Gain/Year $28,352 $31,614 $35,256 $39,333
 Average ROI 158.4% 353.3% 591.0% 879.1%
 Annual ROI 31.7% 35.3% 39.4% 44.0%
 Projected Property Value $394,196 $479,599 $583,506 $709,924

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,975 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2017 FAVORABLE
 Rent/Price (%)   0.75% 0.79% FAVORABLE
 Average Cash Flow (at year 5) $125 $806 FAVORABLE
 Average ROI (at year 5) 15% 31.7% FAVORABLE


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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

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