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Did you miss out on our last builder leaseback? Don’t let it happen again! [Code: 309]

Posted by Powered by Simply Do It on June 4, 2024
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Why THIS deal??
  • ~$450/mo. cash flow once you can refi to 6.0% (1st year)
  • Cash flows at ~$546/mo. at today's rates of 7.0% for the 1st 12-months guaranteed!
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  • Single Family Home with 3 bedrooms and 2 full bathrooms
  • BUILDER LEASEBACK FOR 12-MONTHS AT $2640.00/mo.
  • Builder is responsible for all property management and maintenance for the lease term, temporarily adding $261 to the existing cash flow.
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 16 days so there could be room for negotiations
  • Great schools
  • Many times the builder leaseback is extended past the initial 12 month lease.  If not, area rents are around $2240. Speak with the agent or Dani for clarification. 
  • No HOA charges
  • #cashflow  #appreciation

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

  • Built: 2024
  • Size:1,296 square foot home
  • Low Crime, Desirable Community, A Rated 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: 309

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1296
 Year Built2024
 Garage Size2
 Schools Rating (on scale of A-C)A

Purchase AssumptionsMy Offer
Offer used for analysis$357,000
Suggested offer (low)$357,000
Suggested offer (high)$357,000
Asking$357,000
Market Value (after improvements)$359,000
Improvements (lower)$1,000
Improvements (upper)$2,500
Closing Costs$3,570
Mortgage Costs$3,570
Other Fees At Closing$0
Total Cost $365,890

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$107,100
 Financed Amount$249,900
 Interest Rate7.000%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,663
 Cash Outlay (Total Out of Pocket)$115,990

Financial AssumptionsMonthlyYearly
Rent (upper)$2,640$2,640$31,680
Rent (lower)$2,640$31,680
Property Tax Rate (Approx.)0.6% 
Property Taxes $260$3,120
Insurance $95$1,140
Repairs $50$600
Variable-Cost PM 8.0% 
Property Management Fee$211$2,534
Leasing Fee50%$55.0$660
HOA  $0
Vacancy Rate 4.0% 
Total Fixed Expenses$768$9,220
 Total Expenses (Fixed + Mortgage)$2,267$27,200

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate4.7%5.7%6.8%8.0%
 Net Cash Flow$26,985$66,135$118,716$186,127
 Equity Increase$95,136$213,178$359,889$542,560
 Total Gain$122,121$279,313$478,605$728,687
      
 Average Cash Flow/Year$5,397$6,614$7,914$9,306
 Average Cash Flow/Month$450$551$660$776
 Average Gain/Year$24,424$27,931$31,907$36,434
 Average ROI105.3%240.8%412.6%628.2%
 Annual ROI21.1%24.1%27.5%31.4%
 Projected Property Value$436,778$531,408$646,539$786,613

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BAFAVORABLE
 Square Feet  10001,296FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19702024FAVORABLE
 Rent/Price (%)  0.75%0.74%INSUFFICIENT
 Average Cash Flow (at year 5)  $125$450FAVORABLE
 Average ROI (at year 5)  15%21.1%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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