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DO NOT pass up this HUGE opportunity! [Code: 1201]

Posted by Powered by Simply Do It on March 16, 2022
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After 15 Years (no mortgage)  
Original purchase price $1,100,000
Total investment (out of pocket) $355,500
15 yrs Project house value $1,981,038
Value (appreciation) Gain $881,038
15 yrs cash-flow generated $448,032
Total Gain $1,329,070
ROI (15 yrs) 374%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $90,954
Free & Clear cash flow (m) $7,580
  • This property WILL REQUIRE A COMMERCIAL LOAN or CASH INVESTMENT
  • We have requested details on what mechanical systems have been renovated and are awaiting a response.  We will update any interested parties once information is received
  • 8 bedroom 8 bath multi-unit residence (Eight single 1/1 units)
  • No (low) crime area
  • Your target renter will be young professionals with no kids
  • Over $1800/mo. cash flow 
  • 2 uncovered parking spots per unit
  • Property is currently vacant due to the remodel and tenants are actively being solicited
  • Good schools
  • 1 Acre lot

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

  • Built: 1964
  • Size: 1 Acre Lot
  • Quiet residential street, Desirable community, B 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: 1201

            Property Specifications 8 Per Door
             Bedrooms 8 1
             Bathrooms 8 1.0
             Square Feet 4350 544
             Year Built 1964 Renovated
             Garage Size 0 2 spaces
             Schools Rating (on scale of A-F) B  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $1,100,000 $137,500
            Suggested offer (low) $990,000 $123,750
            Suggested offer (high) $1,100,000 $137,500
            Asking $1,100,000 $137,500
            Market Value (after improvements) $1,100,000  
            Improvements (lower) $2,500 $313
            Improvements (upper) $4,500 $563
            Closing Costs $11,000  
            Mortgage Costs $11,000 $1,375
            Other Fees At Closing $0 $0
            Total Cost  $1,125,500 $1,375

            Financing Assumptions  
             Down Payment (%) 30%
             Down Payment Amount $330,000
             Financed Amount $770,000
             Interest Rate 5.00%
             Mortgage Term (Years) 30
             Monthly Mortgage Payment $4,134
             Cash Outlay (Total Out of Pocket) $355,500

            Financial Assumptions Monthly Yearly
            Rent (upper) $8,075 $8,400 $100,800
            Rent (lower) $7,750 $93,000
             Property Tax Rate (Approx.) 0.1%  
             Property Taxes $280 $3,360
             Insurance $265 $3,180
             Repairs $600 $7,200
            Variable-Cost PM 8.0%  
            Property Management Fee $646 $7,752
             Leasing Fee 50% $168.2 $2,019
             HOA $0 $0
             Vacancy Rate 5.0%  
             Total Fixed Expenses $2,331 $27,968
             Total Expenses (Fixed + Mortgage) $6,464 $77,570

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 4,350 FAVORABLE
             Bedrooms   3 8 FAVORABLE
             Bathrooms   2 8 FAVORABLE
             Year Built   1970 1964 INSUFFICIENT
             Rent/Price (%)   0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5) $125 $1,845 FAVORABLE
             Average ROI (at year 5) 15% 13.5% INSUFFICIENT

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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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