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Great Rehab Opportunity! [Code: 314]

Posted by Powered by Simply Do It on August 16, 2022
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After 15 Years (no mortgage)
Original purchase price $165,000
Total investment (out of pocket) $60,300
15 yrs Project house value $370,364
Value (appreciation) Gain $205,364
15 yrs cash-flow generated $89,073
Total Gain $294,437
ROI (15 yrs) $5
ROI (annually) $0
   
Free & Clear cash flow (yr.) $16,050
Free & Clear cash flow (m) $1,338

  • 3 bedroom, 2 bath Single Family Detached Residence
  • Days on the Market: 47
  • Updated in 1997.  Still needs work to rehab the residence to make it lease ready
  • ~ $385/mo. cash flow 
  • No HOA costs
  • Large yard, storage, newer long term roof, newer HVAC & windows
  • Solid area for appreciation and leasing – we rarely have an investment opportunity here
  • Popular commuting location to Murfreesboro or Tullahoma employment clusters
  • This is a unique opportunity for the investor willing to work through the updates and repairs needed.  Make this YOUR gain!! 
  • We are being aggressive with our offer to the seller and may need to participate in a negotiation process
  • 11,326 square foot lot


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

  • Built: 1980
  • Size: 1,390 square foot
  • 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: 314

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1390
             Year Built 1980
             Garage Size 0
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $165,000
            Suggested offer (low) $165,000
            Suggested offer (high) $199,900
            Asking $199,900
            Market Value (after improvements) $205,650
            Improvements (lower) $15,000
            Improvements (upper) $16,500
            Closing Costs $1,650
            Mortgage Costs $1,650
            Other Fees At Closing $0
            Total Cost  $184,050
            Financial Assumptions Monthly Yearly
            Rent (upper) $1,550 $1,600 $19,200
            Rent (lower) $1,500 $18,000
            Property Tax Rate (Approx.) 0.5%  
            Property Taxes   $84 $1,008
            Insurance   $135 $1,620
            Repairs   $70 $840
            Variable-Cost PM   8.0%  
            Property Management Fee $124 $1,488
            Leasing Fee 50% $32.3 $388
            HOA   $34 $408
            Vacancy Rate   4.0%  
            Total Fixed Expenses $536 $6,436
             Total Expenses (Fixed + Mortgage) $1,210 $14,522
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 7.6% 8.7% 9.8% 11.1%
             Net Cash Flow $22,874 $52,336 $89,073 $133,841
             Equity Increase $54,466 $121,474 $203,955 $305,541
             Total Gain $77,340 $173,810 $293,028 $439,382
                       
             Average Cash Flow/Year $4,575 $5,234 $5,938 $6,692
             Average Cash Flow/Month $381 $436 $495 $558
             Average Gain/Year $15,468 $17,381 $19,535 $21,969
             Average ROI 128.3% 288.2% 486.0% 728.7%
             Annual ROI 25.7% 28.8% 32.4% 36.4%
             Projected Property Value $250,205 $304,412 $370,364 $450,604

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet     1000 1,390 FAVORABLE
             Bedrooms     3 3 FAVORABLE
             Bathrooms     2 2 FAVORABLE
             Year Built     1970 1980 FAVORABLE
             Rent/Price (%)     0.75% 0.97% FAVORABLE
             Average Cash Flow (at year 5)     $125 $381 FAVORABLE
             Average ROI (at year 5)     15% 25.7% 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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