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Diamond in the Rough in Nashville! [Code: 413]

Posted by Powered by Simply Do It on July 26, 2022
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After 15 Years (no mortgage)  
Original purchase price $281,900
Total investment (out of pocket) $85,276
15 yrs Project house value $522,274
Value (appreciation) Gain $240,374
15 yrs cash-flow generated $87,412
Total Gain $327,786
ROI (15 yrs) 384%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $21,817
Free & Clear cash flow (m) $1,818
  • Charming 1-story story home (3 bedroom, 2 bath)
  • Newly added to the MLS listing!
  • Location is just 20-min from downtown Nashville and 11 minutes from Opry Mills mall.
  • Be the savvy investor who can see past the clutter to recognize the potential in this property
  • 2 outdoor storage sheds on backyard property
  • Hard Flooring/Tile/Carpet floors throughout
  • ~ $325/mo. cash flow 
  • No HOA costs
  • B/C rated schools
  • Open concept living area
  • Location is just minutes from parks, restaurants, and nightlife
  • Covered front porch for relaxing and large back deck for grilling and entertaining guests

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

  • Built: 2005
  • Size: 7,841 square foot lot
  • Low Crime, Desirable community, Highly appreciating neighborhood

            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: 413

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1400
             Year Built 2005
             Garage Size 0
             Schools Rating (on scale of A-C) B/C
            Purchase Assumptions My Offer
            Offer used for analysis $281,900
            Suggested offer (low) $279,900
            Suggested offer (high) $281,900
            Asking $279,900
            Market Value (after improvements) $290,000
            Improvements (lower) $6,450
            Improvements (upper) $11,875
            Closing Costs $2,819
            Mortgage Costs $2,819
            Other Fees At Closing $0
            Total Cost  $296,701

            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 $145 $1,740
             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 $672 $8,066
             Total Expenses (Fixed + Mortgage) $1,775 $21,300

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.7% 5.7% 6.8% 8.0%
             Net Cash Flow $19,871 $48,698 $87,412 $137,044
             Equity Increase $80,804 $180,028 $301,907 $451,660
             Total Gain $100,675 $228,726 $389,320 $588,703
                       
             Average Cash Flow/Year $3,974 $4,870 $5,827 $6,852
             Average Cash Flow/Month $331 $406 $486 $571
             Average Gain/Year $20,135 $22,873 $25,955 $29,435
             Average ROI 118.1% 268.2% 456.5% 690.4%
             Annual ROI 23.6% 26.8% 30.4% 34.5%
             Projected Property Value $352,829 $429,271 $522,274 $635,426

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B/C #N/A
             Square Feet   1000 1,400 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 2005 FAVORABLE
             Rent/Price (%)   0.75% 0.74% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $331 FAVORABLE
             Average ROI (at year 5) 15% 23.6% 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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