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Amazing Nashville Metro Opportunity!! [Code: 1112]

Posted by Powered by Simply Do It on January 10, 2023
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Why THIS deal??
  • ~$500/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$275 at today's rates of 6.125%
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After 15 Years (no mortgage)
Original purchase price $285,000
Total investment (out of pocket) $85,450
15 yrs Project house value $538,482
Value (appreciation) Gain $253,482
15 yrs cash-flow generated $80,219
Total Gain $333,702
ROI (15 yrs) 391%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $23,958
Free & Clear cash flow (m) $1,996
  • 4 bedroom, 2 bathroom single family home
  • Attached home (zero lot line) 
    in a strong lease demand area
  • Located at the very end of a cul de sac
  • Renovated with laminate flooring in living areas and carpet in bedrooms
  • Needs fresh neutral paint and carpet in bedrooms
  • No HOA charges
  • Fully fenced back yard with deck.  Perfect for kids and pets! 
  • 5,663 square foot lot


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

  • Built: 1987
  • Size: 1710 square foot
  • Low Crime, 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: 1112

Property Specifications 1
 Bedrooms 4
 Bathrooms 2
 Square Feet 1710
 Year Built 1987
 Garage Size 0
 Schools Rating (on scale of A-C) C

Purchase Assumptions My Offer
Offer used for analysis $285,000
Suggested offer (low) $280,000
Suggested offer (high) $285,000
Asking $285,000
Market Value (after improvements) $299,000
Improvements (lower) $5,000
Improvements (upper) $12,000
Closing Costs $2,850
Mortgage Costs $2,850
Other Fees At Closing $0
Total Cost  $299,200

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $71,250
 Financed Amount $213,750
 Interest Rate (5/6 ARM) 6.125%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,299
 Cash Outlay (Total Out of Pocket) $85,450

Financial Assumptions Monthly Yearly
Rent (upper) $2,150 $2,200 $26,400
Rent (lower) $2,100 $25,200
Property Tax Rate (Approx.) 0.6%  
Property Taxes   $126 $1,512
Insurance   $140 $1,680
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $172 $2,064
Leasing Fee 50% $44.8 $538
HOA     $0
Vacancy Rate   4.0%  
Total Fixed Expenses $637 $7,643
 Total Expenses (Fixed + Mortgage) $1,936 $23,228

Financial Analysis / Deal Attractiveness      
Years: 5 10 15 20
 Cap Rate 3.9% 5.0% 6.3% 7.6%
 Net Cash Flow $16,564 $42,963 $80,219 $129,465
 Equity Increase $79,321 $177,872 $300,549 $453,571
 Total Gain $95,885 $220,834 $380,768 $583,036
           
 Average Cash Flow/Year $3,313 $4,296 $5,348 $6,473
 Average Cash Flow/Month $276 $358 $446 $539
 Average Gain/Year $19,177 $22,083 $25,385 $29,152
 Average ROI 112.2% 258.4% 445.6% 682.3%
 Annual ROI 22.4% 25.8% 29.7% 34.1%
 Projected Property Value $363,779 $442,593 $538,482 $655,146

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B C INSUFFICIENT
 Square Feet     1000 1,710 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 1987 FAVORABLE
 Rent/Price (%)     0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5)     $125 $276 FAVORABLE
 Average ROI (at year 5)     15% 22.4% 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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