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Great Nashville Metro Opportunity with Video of Downtown!! [Code: 2660]

Posted by Powered by Simply Do It on December 22, 2022
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Why THIS deal??
  • ~$286/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$135 at today's rates of 6.0%
  • Check out a recent video we made about a recent visit to downtown Nashville in the link below.  This property is about 1-hour from downtown. 
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After 15 Years (no mortgage)
Original purchase price $230,000
Total investment (out of pocket) $78,600
15 yrs Project house value $434,928
Value (appreciation) Gain $204,928
15 yrs cash-flow generated $45,855
Total Gain $250,783
ROI (15 yrs) 319%
ROI (annually) 21%
   
Free & Clear cash flow (yr.) $16,756
Free & Clear cash flow (m) $1,396
  • 3 bedroom, 2 bath Single Family Home 
  • Quiet residential neighborhood
  • Larger corner lot
  • Deck, great landscape & yard, high ceilings, stainless kitchen
  • A/B rated schools
  • No HOA charges
  • Attached 2-car garage
  • 8,712 square foot lot


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

  • Built: 2007
  • Size: 1,212 square foot home
  • Low Crime, Desirable Community, A/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: 2660

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1212
 Year Built 2007
 Garage Size 2
 Schools Rating (on scale of A-C) A/B

Purchase Assumptions My Offer
Offer used for analysis $230,000
Suggested offer (low) $230,000
Suggested offer (high) $235,000
Asking $235,000
Market Value (after improvements) $241,500
Improvements (lower) $3,000
Improvements (upper) $7,000
Closing Costs $2,300
Mortgage Costs $2,300
Other Fees At Closing $0
Total Cost  $239,600

Financing Assumptions  
 Down Payment (%) 30%
 Down Payment Amount $69,000
 Financed Amount $161,000
 Interest Rate (5/6 ARM) 6.000%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $965
 Cash Outlay (Total Out of Pocket) $78,600

Financial Assumptions Monthly Yearly
Rent (upper) $1,575 $1,625 $19,500
Rent (lower) $1,525 $18,300
Property Tax Rate (Approx.) 0.6%  
Property Taxes   $125 $1,500
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $126 $1,512
Leasing Fee 50% $32.8 $394
HOA     $0
Vacancy Rate   4.0%  
Total Fixed Expenses $517 $6,201
 Total Expenses (Fixed + Mortgage) $1,482 $17,785

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.1% 3.0% 3.9% 4.9%
 Net Cash Flow $8,168 $23,214 $45,855 $76,879
 Equity Increase $63,504 $142,246 $240,040 $361,712
 Total Gain $71,673 $165,460 $285,895 $438,592
           
 Average Cash Flow/Year $1,634 $2,321 $3,057 $3,844
 Average Cash Flow/Month $136 $193 $255 $320
 Average Gain/Year $14,335 $16,546 $19,060 $21,930
 Average ROI 91.2% 210.5% 363.7% 558.0%
 Annual ROI 18.2% 21.1% 24.2% 27.9%
 Projected Property Value $293,822 $357,479 $434,928 $529,156

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A/B #N/A
 Square Feet     1000 1,212 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 2007 FAVORABLE
 Rent/Price (%)     0.75% 0.71% INSUFFICIENT
 Average Cash Flow (at year 5)     $125 $136 FAVORABLE
 Average ROI (at year 5)     15% 18.2% 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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