Advanced Search
Your search results

HOT rental in Nashville [code 2256]

Posted by Powered by Simply Do It on January 24, 2022
0
image.png
image.png
*pictures are from a previous build
**Mortgage payments on new builds do not typically start until the home is fully completed
  • Brand new build in Nashville
  • Estimated completion date is March 2022
  • Open concept living area
  • Vaulted ceilings
  • HOT rental and appreciation area of Nashville
  • Quick access to I-24.  Great for commuters
  • Will need refrigerator and window coverings
  • No (low) crime area
  • Good local school district
  • Attached 2-car garage
  • 8,712+ sq. foot lot 

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

  • Built: 2022
  • Size: 1,540 sq ft sitting on a 8,712 square foot lot
  • Quiet residential street, 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

Code: 2256

nash1@simplydoit.net

Original purchase price $337,900
Total investment (out of pocket) $94,783
15 yrs Project house value $608,539
Value (appreciation) Gain $270,639
15 yrs cash-flow generated $63,901
Total Gain $334,540
ROI (15 yrs) 353%
ROI (annually) 24%
 
Free & Clear cash flow (yr.) $20,798
Free & Clear cash flow (m) $1,733

*Free & Clear cash flow is after the mortgage is paid in full

Property Specifications 1
 Bedrooms 4
 Bathrooms 2.5
 Square Feet 1540
 Year Built 2022
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $337,900
Suggested offer (low) $335,900
Suggested offer (high) $337,900
Asking $337,900
Market Value (after improvements) $337,900
Improvements (lower) $2,150
Improvements (upper) $2,465
Closing Costs $4,000
Mortgage Costs $4,000
Other Fees At Closing $0
Total Cost  $348,208

Financial Assumptions Monthly Yearly
Rent (upper) $1,900 $1,950 $23,400
Rent (lower) $1,850 $22,200
 Property Tax Rate (Approx.) 0.5%  
 Property Taxes $135 $1,620
 Insurance $115 $1,380
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $152 $1,824
 Leasing Fee 50% $39.6 $475
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $587 $7,038
 Total Expenses (Fixed + Mortgage) $1,746 $20,950

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.6% 3.5% 4.5% 5.5%
 Net Cash Flow $12,467 $33,471 $63,901 $104,738
 Equity Increase $98,736 $218,436 $363,555 $539,498
 Total Gain $111,203 $251,907 $427,456 $644,236
           
 Average Cash Flow/Year $2,493 $3,347 $4,260 $5,237
 Average Cash Flow/Month $208 $279 $355 $436
 Average Gain/Year $22,241 $25,191 $28,497 $32,212
 Average ROI 117.3% 265.8% 451.0% 679.7%
 Annual ROI 23.5% 26.6% 30.1% 34.0%
 Projected Property Value $411,107 $500,175 $608,539 $740,381

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,540 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2022 FAVORABLE
 Rent/Price (%)   0.75% 0.58% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $208 FAVORABLE
 Average ROI (at year 5) 15% 23.5% FAVORABLE

image.png

image.png
image.png

image.png

image.png

image.png

image.png

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. 

Compare Listings