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Do NOT Scroll Past This Deal in Nashville Metro! [Code: 6840]

Posted by Powered by Simply Do It on November 29, 2022
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Why THIS deal??
  • $835-$895/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$475 at today's rates of 7.5% and at ~$285K purchase price
  • $22K Instant equity if lower aggressive suggested offer of $285K is accepted
  • Realtor suggests offering ~$300K, however, the home has been on the market for 60 days already and has already had a price drop.  We suggest you start negotiations at $285K and work up to $300K if necessary.  Property cash flows well regardless.
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After 15 Years (no mortgage)
Original purchase price $285,000
Total investment (out of pocket) $80,450
15 yrs Project house value $554,240
Value (appreciation) Gain $269,240
15 yrs cash-flow generated $124,444
Total Gain $393,685
ROI (15 yrs) 489%
ROI (annually) 33%
   
Free & Clear cash flow (yr.) $30,021
Free & Clear cash flow (m) $2,502
  • 3 bedroom, 2 bath Single Family Home 
  • Finished basement for additional square footage
  • No HOA fees
  • Asking price reduced by $15K on 11/9/22
  • Property has been on the market for 60 days.  Great negotiation tool!
  • 6' wood privacy fence around the large back yard
  • Great location with quick access to major commuting routes
  • Aggressive suggested offer to provide $22K instant equity!
  • A-rated schools
  • All appliances stay
  • Highly appreciating area of Nashville metro
  • Attached 2-car garage
  • 14,810 square foot lot


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

  • Built: 1990
  • Size: 1,836 square foot home
  • Low Crime, Desirable Community, Great 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: 6840

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1836
 Year Built 1990
 Garage Size 2
 Schools Rating (on scale of A-C) A

Purchase Assumptions My Offer
Offer used for analysis $285,000
Suggested offer (low) $285,000
Suggested offer (high) $299,900
Asking $299,900
Market Value (after improvements) $307,750
Improvements (lower) $2,500
Improvements (upper) $4,500
Closing Costs $2,850
Mortgage Costs $2,850
Other Fees At Closing $0
Total Cost  $294,200

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $71,250
 Financed Amount $213,750
 Interest Rate 7.500%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,495
 Cash Outlay (Total Out of Pocket) $80,450

Financial Assumptions Monthly Yearly
Rent (upper) $2,550 $2,600 $31,200
Rent (lower) $2,500 $30,000
Property Tax Rate (Approx.) 0.4%  
Property Taxes   $90 $1,080
Insurance   $143 $1,716
Repairs   $70 $840
Variable-Cost PM   8.0%  
Property Management Fee $204 $2,448
Leasing Fee 50% $53.1 $638
HOA   $0  $0
Vacancy Rate   4.0%  
Total Fixed Expenses $654 $7,848
 Total Expenses (Fixed + Mortgage) $2,149 $25,782

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 7.1% 8.7% 10.3% 12.1%
 Net Cash Flow $28,730 $69,784 $124,444 $194,127
 Equity Increase $78,180 $176,021 $299,016 $454,408
 Total Gain $106,910 $245,805 $423,460 $648,535
           
 Average Cash Flow/Year $5,746 $6,978 $8,296 $9,706
 Average Cash Flow/Month $479 $582 $691 $809
 Average Gain/Year $21,382 $24,580 $28,231 $32,427
 Average ROI 132.9% 305.5% 526.4% 806.1%
 Annual ROI 26.6% 30.6% 35.1% 40.3%
 Projected Property Value $374,425 $455,545 $554,240 $674,318
Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet     1000 1,836 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 1990 FAVORABLE
 Rent/Price (%)     0.75% 0.91% FAVORABLE
 Average Cash Flow (at year 5)     $125 $479 FAVORABLE
 Average ROI (at year 5)     15% 26.6% 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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