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Discounted Nashville Metro Townhomes for SDI Clients ONLY! [Code: 1508]

Posted by Powered by Simply Do It on July 31, 2023
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Why THIS deal??
  • ~$345/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$185 at today's rates of 6.75%
  • Brand New Build! 
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  • 3 bedroom, 2.5 bath Townhome 
  • Great location with quick access to major commuting routes, shopping and schools
  • ~$8300 Discount offered on each unit for SDI clients
  • We will need 7 total units under contract in 30-days to qualify for the discounted price
  • We have 2 investors already putting in offers for this opportunity
  • Open concept floor plan inside, with beautiful vaulted ceilings and an eat-in kitchen
  • Project is already completed and units are finished
  • Brand new build which means very low maintenance costs
  • Located within proximity to railroad tracks, however, this line is very rarely used and does not pose a rentability issue


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

  • Built: 2023
  • Size: 1,360 square foot home
  • 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: 1508

Property Specifications1
 Bedrooms3
 Bathrooms2.5
 Square Feet1360
 Year Built2023
 Garage Size0
 Schools Rating (on scale of A-C)B-

Purchase AssumptionsMy Offer
Offer used for analysis$235,000
Suggested offer (low)$235,000
Suggested offer (high)$235,000
Asking$235,000
Market Value (after improvements)$244,000
Improvements (lower)$2,550
Improvements (upper)$3,750
Closing Costs$2,350
Mortgage Costs$2,350
Other Fees At Closing (pts, . . . )$2,350
Total Cost $245,200
Original listing date7/26/23
DOM (days on market – TODAY)5

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$70,500
 Financed Amount$164,500
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,067
 Cash Outlay (Total Out of Pocket) $80,700

Financial AssumptionsMonthlyYearly
Rent (upper)$1,800$1,850$22,200
Rent (lower)$1,750$21,000
Property Tax Rate (Approx.)   
Property Taxes $80$960
Insurance $145$1,740
Repairs $75$900
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$144$1,728
Leasing Fee50%$37.5$450
HOA or Fixed Costs$80$960
Vacancy Rate 4.0% 
Total Fixed Expenses35%$628$7,533
 Total Expenses (Fixed + Mortgage)$1,695$20,336

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.7%4.3%6.1%8.1%
 Net Cash Flow$11,194$35,806$76,124$134,813
 Equity Increase$62,938$141,359$239,358$362,212
 Total Gain$74,132$177,165$315,482$497,025
      
 Average Cash Flow/Year$2,239$3,581$5,075$6,741
 Average Cash Flow/Month$187$298$423$562
 Average Gain/Year$14,826$17,717$21,032$24,851
 Average ROI89.3%213.3%379.9%598.5%
 Annual ROI17.9%21.3%25.3%29.9%
 Projected Property Value$296,863$361,180$439,430$534,634

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BB-INSUFFICIENT
 Square Feet  1,0001,360FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22.5FAVORABLE
 Year Built  19702023FAVORABLE
 Rent/Price (%)  0.75%0.79%FAVORABLE
 Average Cash Flow (at year 5)  $125$187FAVORABLE
 Average ROI (at year 5)  15%17.9%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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