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Excellent Nashville Metro Opportunity [Code: 795]

Posted by Powered by Simply Do It on August 22, 2022
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After 15 Years (no mortgage)
Original purchase price $360,000
Total investment (out of pocket) $106,425
15 yrs Project house value $675,354
Value (appreciation) Gain $315,354
15 yrs cash-flow generated $87,342
Total Gain $402,696
ROI (15 yrs) $4
ROI (annually) $0
   
Free & Clear cash flow (yr.) $26,855
Free & Clear cash flow (m) $2,238
  • 3 bedroom, 3 bath Single Family Detached Residence
  • 88 Days on the Market.  Great Negotiation Opportunity! 
  • Located at the very end of the cul de sac.  Perfect location for a family with children.
  • ~ $300/mo. cash flow 
  • $15K instant equity if suggested offer is accepted
  • Low HOA costs
  • Attached 2-car garage
  • Great room w/ fireplace, large bonus room w/ full bath, eat-in Kitchen, Formal Dining w/ Hardwood floors, large primary bedroom w/ walk-in closet. Whirlpool bathtub w/ separate shower. 
  • May require flood insurance, but chances are that it will not be necessary given the location of the neighborhood flood zone.  See Zone map below with pictures.  
  • 16,553 square foot lot


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

  • Built: 2009
  • Size: 2,504 square foot home
  • Low Crime, Desirable community, Good 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: 795



            Property Specifications 1
             Bedrooms 3
             Bathrooms 3
             Square Feet 2504
             Year Built 2009
             Garage Size 2
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $360,000
            Suggested offer (low) $341,250
            Suggested offer (high) $360,000
            Asking $375,000
            Market Value (after improvements) $375,000
            Improvements (lower) $6,700
            Improvements (upper) $11,750
            Closing Costs $3,600
            Mortgage Costs $3,600
            Other Fees At Closing $0
            Total Cost  $376,425

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,550 $2,600 $31,200
            Rent (lower) $2,500 $30,000
            Property Tax Rate (Approx.) 0.7%  
            Property Taxes   $206 $2,472
            Insurance   $193 $2,316
            Repairs   $70 $840
            Variable-Cost PM   8.0%  
            Property Management Fee $204 $2,448
            Leasing Fee 50% $53.1 $638
            HOA   $34 $408
            Vacancy Rate   4.0%  
            Total Fixed Expenses $854 $10,248
             Total Expenses (Fixed + Mortgage) $2,324 $27,889

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.3% 4.4% 5.5% 6.7%
             Net Cash Flow $17,708 $46,440 $87,342 $141,683
             Equity Increase $102,871 $229,646 $385,973 $578,864
             Total Gain $120,579 $276,086 $473,316 $720,547
                       
             Average Cash Flow/Year $3,542 $4,644 $5,823 $7,084
             Average Cash Flow/Month $295 $387 $485 $590
             Average Gain/Year $24,116 $27,609 $31,554 $36,027
             Average ROI 113.3% 259.4% 444.7% 677.0%
             Annual ROI 22.7% 25.9% 29.6% 33.9%
             Projected Property Value $456,245 $555,092 $675,354 $821,671

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet     1000 2,504 FAVORABLE
             Bedrooms     3 3 FAVORABLE
             Bathrooms     2 3 FAVORABLE
             Year Built     1970 2009 FAVORABLE
             Rent/Price (%)     0.75% 0.72% INSUFFICIENT
             Average Cash Flow (at year 5)     $125 $295 FAVORABLE
             Average ROI (at year 5)     15% 22.7% 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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