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BRAND NEW build(s) in Nashville Metro [Code: 390]

Posted by Powered by Simply Do It on July 29, 2022
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image.png  Property #1
image.png Property #2

After 15 Years (no mortgage)  
Original purchase price $269,000
Total investment (out of pocket) $75,645
15 yrs Project house value $502,463
Value (appreciation) Gain $233,463
15 yrs cash-flow generated $87,476
Total Gain $320,939
ROI (15 yrs) 424%
ROI (annually) 28%
   
Free & Clear cash flow (yr.) $21,975
Free & Clear cash flow (m) $1,831
  • Brand new two story single family residence (3 bedroom, 2.5 bath)
  • Construction is scheduled to be finished in the next 3-4 weeks.  Typically, your mortgage payment will not start until construction is completed.
  • His/Hers walk in closets in the primary bedroom
  • Spare bedrooms share Jack and Jill bathroom
  • ~ $345/mo. cash flow 
  • 2 homes available for similar pricing next to each other
  • No HOA costs
  • A rated schools
  • Attached 1-car garage
  • Lot size: 5,227

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

  • Built: 2022
  • Size: 1390 square foot
  • Low Crime, Desirable community, Good 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: 390

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1390
             Year Built 2022
             Garage Size 1
             Schools Rating (on scale of A-C) A
            Purchase Assumptions My Offer
            Offer used for analysis $269,000
            Suggested offer (low) $269,000
            Suggested offer (high) $269,000
            Asking $281,650
            Market Value (after improvements) $279,000
            Improvements (lower) $2,875
            Improvements (upper) $3,155
            Closing Costs $2,690
            Mortgage Costs $2,690
            Other Fees At Closing $0
            Total Cost  $277,395
            Financial Assumptions Monthly Yearly
            Rent (upper) $2,050 $2,100 $25,200
            Rent (lower) $2,000 $24,000
             Property Tax Rate (Approx.) 0.6%  
             Property Taxes $135 $1,620
             Insurance $170 $2,040
             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 $662 $7,946
             Total Expenses (Fixed + Mortgage) $1,761 $21,128

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.5% 6.7% 8.0% 9.3%
             Net Cash Flow $20,759 $50,539 $90,278 $141,013
             Equity Increase $76,605 $171,015 $287,438 $431,098
             Total Gain $97,365 $221,554 $377,716 $572,111
                       
             Average Cash Flow/Year $4,152 $5,054 $6,019 $7,051
             Average Cash Flow/Month $346 $421 $502 $588
             Average Gain/Year $19,473 $22,155 $25,181 $28,606
             Average ROI 128.7% 292.9% 499.3% 756.3%
             Annual ROI 25.7% 29.3% 33.3% 37.8%
             Projected Property Value $339,446 $412,988 $502,463 $611,323
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,390 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2022 FAVORABLE
             Rent/Price (%)   0.75% 0.78% FAVORABLE
             Average Cash Flow (at year 5) $125 $346 FAVORABLE
             Average ROI (at year 5) 15% 25.7% 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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