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Adorable Cottage Style Home in Nashville [code 2507]

Posted by Powered by Simply Do It on February 7, 2022
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  • 3 bedroom 2 bath home
  • Fenced large backyard with wood deck 
  • No (low) crime area
  • Over $275/mo. cash flow
  • Hard flooring/carpet throughout
  • Attached 2-car garage
  • 9,583 square foot lot

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

  • Built: 1993
  • Size: 1,857  sq ft
  • Quiet residential street and Desirable community

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: 2507

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1857
 Year Built 1993
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $302,500
Suggested offer (low) $285,000
Suggested offer (high) $302,500
Asking $285,000
Market Value (after improvements) $303,000
Improvements (lower) $4,885
Improvements (upper) $8,265
Closing Costs $3,025
Mortgage Costs $3,025
Other Fees At Closing $0
Total Cost  $315,125

Financial Assumptions Monthly Yearly
Rent (upper) $2,050 $2,100 $25,200
Rent (lower) $2,000 $24,000
 Property Tax Rate (Approx.) 0.7%  
 Property Taxes $280 $3,360
 Insurance $150 $1,800
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $164 $1,968
 Leasing Fee 50% $42.7 $513
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $787 $9,446
 Total Expenses (Fixed + Mortgage) $1,825 $21,900

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.8% 4.7% 5.7% 6.7%
 Net Cash Flow $16,591 $41,391 $75,253 $119,121
 Equity Increase $88,500 $195,791 $325,867 $483,572
 Total Gain $105,092 $237,182 $401,120 $602,693
           
 Average Cash Flow/Year $3,318 $4,139 $5,017 $5,956
 Average Cash Flow/Month $277 $345 $418 $496
 Average Gain/Year $21,018 $23,718 $26,741 $30,135
 Average ROI 119.1% 268.8% 454.5% 682.9%
 Annual ROI 23.8% 26.9% 30.3% 34.1%
 Projected Property Value $368,646 $448,514 $545,686 $663,910

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,857 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1993 FAVORABLE
 Rent/Price (%)   0.75% 0.69% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $277 FAVORABLE
 Average ROI (at year 5) 15% 23.8% 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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