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Amazing 5-Unit in Nashville with incredible cashflow [Code 253]

Posted by Powered by Simply Do It on January 5, 2022
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*This property will require a commercial loan

  • Amazing Location
  • Will need a commercial loan for this opportunity (potentially higher interest rate)
  • Equivalent to buying 5 properties at once for $200K each
  • All units are leased and occupied
  • Over $2,200/mo. cashflow…very difficult to find in Nashville now. 
  • Lavergne is the geographic employment center for Nashville
  • Fairly equidistant to North or South Nashville, Lebanon/Mt Juliet, Murfreesboro, and Williamson county via 840
  • Good local school district
  • No (low) crime area
  • 7,400+ sq. foot lot

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

  • Built: 2005
  • Size: 9,370+ sq ft on over 0.50 acre lot
  • Quiet street, desirable community, great schools
  • Low crime

 

 

Property Specifications

5

Per Door

Bedrooms

20

4

Bathrooms

15

3

Square Feet

9376

1875

Year Built

2005

 

Garage Size

0

 

Schools Rating (on scale of 0-10)

B

 

Replacement Cost ($/SqFt)

$100

 

 

 

Purchase Assumptions

My Offer

Per Door

Asking

$999,999

$200,000

Suggested offer (low)

$999,999

$200,000

Suggested offer (high)

$999,999

$200,000

Suggested offer (options)

$999,999

$200,000

Land Value (%)

15%

 

Building Value (%)

85%

 

Market Value (after improvements)

$999,999

$200,000

Improvements (lower)

$6,685

 

Improvements (upper)

$9,575

$8,130

Closing Costs

$7,500

 

Mortgage Costs

$7,500

 

Other Fees At Closing

$0

 

Total Cost

$1,023,129

 

 

 

Financial Assumptions

Monthly

Yearly

Rent (upper)

$7,875

$7,875

$94,500

Rent (lower)

$7,875

$94,500

Property Tax Rate (Approx.)

0.60%

 

Property Taxes

$688

$8,250

Insurance

$340

$4,080

Repairs

$95

$1,140

Variable-Cost PM

8.0%

 

Property Management Fee

$630

$7,560

Leasing Fee

50%

$164.1

$1,969

HOA

$0

$0

Vacancy Rate

4.0%

 

Total Fixed Expenses

$2,206

$26,476

Total Expenses (Fixed + Mortgage)

$5,852

$70,226

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

10.2%

11.6%

13.1%

14.7%

Net Cash Flow

$135,252

$307,347

$520,123

$777,811

Equity Increase

$286,666

$636,385

$1,063,035

$1,583,550

Total Gain

$421,918

$943,733

$1,583,158

$2,361,361

 

 

 

 

 

 

Average Cash Flow/Year

$27,050

$30,735

$34,675

$38,891

Average Cash Flow/Month

$2,254

$2,561

$2,890

$3,241

Average Gain/Year

$84,384

$94,373

$105,544

$118,068

Average ROI

159.1%

356.0%

597.1%

890.6%

Annual ROI

31.8%

35.6%

39.8%

44.5%

Projected Property Value

$1,216,652

$1,480,243

$1,800,942

$2,191,121

 

 

Property Ratings Suggestions

Item

 

 

My Criteria (Min.)

This Property

FAVORABLE/INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

9,376

FAVORABLE

Bedrooms

 

3

20

FAVORABLE

Bathrooms

 

2

15

FAVORABLE

Year Built

 

1970

2005

FAVORABLE

Rent/Price (%)

 

0.75%

0.79%

FAVORABLE

Average Cash Flow (at year 5)

$125

$2,254

FAVORABLE

Average ROI (at year 5)

15%

31.8%

FAVORABLE

Cash Flow vs Out-of -Pocket

0.2%

0.9%

FAVORABLE

 

253 Old Nashville Hwy

 

image

 

253 Old Nashville Hwy

 

Metro: Nashville

Team: Fred

Code: 253

 

 

What’s next?

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

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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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