Advanced Search
Your search results

Diamond in the Making in Nashville Metro! [Code: 305]

Posted by Powered by Simply Do It on January 5, 2023
0
image.png
Why THIS deal??
  • Brand new to the market
  • ~$200/mo cash flow at today's rate of 6.125%
  • ~$400/mo cash flow at today's rate of 4.50%
  • Suggest offer provides instant $25K equity to the investor!
image.png

After 15 Years (no mortgage)
Original purchase price $275,000
Total investment (out of pocket) $85,250
15 yrs Project house value $539,383
Value (appreciation) Gain $264,383
15 yrs cash-flow generated $62,433
Total Gain $326,816
ROI (15 yrs) 383%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $21,975
Free & Clear cash flow (m) $1,831

  • 3 bedroom, 2.5 bath Single Family Home
  • Cosmetic updates are needed and costs have been included in estimates
  • Utility pole located in between houses in front of house.  NOT high voltage power lines. 
  • Quiet residential street in safe subdivision
  • Only been on the market for 2 days
  • Located in the middle of a cul-de-sac street
  • Low HOA fees
  • Attached 2-car garage
  • Highly appreciating neighborhood
  • 4,792 square foot lot


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

  • Built: 1995
  • Size: 1,541 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: 305


Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 1541
 Year Built 1995
 Garage Size 2
 Schools Rating (on scale of A-C) B/C

Purchase Assumptions My Offer
Offer used for analysis $275,000
Suggested offer (low) $261,900
Suggested offer (high) $275,000
Asking $275,000
Market Value (after improvements) $299,500
Improvements (lower) $10,000
Improvements (upper) $12,000
Closing Costs $2,750
Mortgage Costs $2,750
Other Fees At Closing $0
Total Cost  $291,500

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $68,750
 Financed Amount $206,250
 Interest Rate 6.125%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,253
 Cash Outlay (Total Out of Pocket) $85,250

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   $143 $1,716
Insurance   $140 $1,680
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $164 $1,968
Leasing Fee 50% $42.7 $513
HOA   $22 $264
Vacancy Rate   4.0%  
Total Fixed Expenses $662 $7,946
 Total Expenses (Fixed + Mortgage) $1,915 $22,984

Financial Analysis / Deal Attractiveness      
Years: 5 10 15 20
 Cap Rate 2.7% 3.8% 4.9% 6.1%
 Net Cash Flow $11,477 $31,975 $62,433 $103,887
 Equity Increase $78,919 $176,909 $298,807 $450,749
 Total Gain $90,397 $208,885 $361,240 $554,635
           
 Average Cash Flow/Year $2,295 $3,198 $4,162 $5,194
 Average Cash Flow/Month $191 $266 $347 $433
 Average Gain/Year $18,079 $20,888 $24,083 $27,732
 Average ROI 106.0% 245.0% 423.7% 650.6%
 Annual ROI 21.2% 24.5% 28.2% 32.5%
 Projected Property Value $364,388 $443,333 $539,383 $656,241

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B/C INSUFFICIENT
 Square Feet     1000 1,541 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2.5 FAVORABLE
 Year Built     1970 1995 FAVORABLE
 Rent/Price (%)     0.75% 0.76% FAVORABLE
 Average Cash Flow (at year 5)     $125 $191 FAVORABLE
 Average ROI (at year 5)     15% 21.2% FAVORABLE

image.png

image.png

image.png

image.png

image.png

image.png

image.png

image.png

image.png

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. 

Compare Listings