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Jump on this Builder Leaseback in the Greater Nashville Metro! [Code: 4433]

Posted by Powered by Simply Do It on January 22, 2024
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Why THIS deal??
  • ~$471/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$182/mo. at today's rates of 6.875%
  • Builder leaseback for $3k a month! 
  • Builder covers all maintenance during lease period of 2-3 years
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  • Single family home with 4 bedrooms and 2.5 bathrooms
  • Builder covers all maintenance costs for the duration of the leaseback
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area
  • Property has been on the market 115+ days
  • Great schools
  • Community Pool and other amenities
  • Builder leaseback with rent of $3,000/mo. for 2-3 years
  • Low HOA charges
  • Hard flooring in all major living spaces. Perfect for families and pets!
  • Attached 2-car garage

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

  • Built: 2024
  • Size: 2,203 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: 4433

Property Specifications1
 Bedrooms4
 Bathrooms2.5
 Square Feet2203
 Year Built2024
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)18
Lot size (sq ft)4275

Purchase AssumptionsMy Offer
Offer used for analysis$429,990
Suggested offer (low)$429,990
Suggested offer (high)$429,990
Asking$429,990
Market Value (after improvements)$430,000
Estimated Improvements (lower)$1,000
Estimated Improvements (upper)$2,000
Estimated Closing Costs$4,300
Estimated Mortgage Costs$3,461
Other Fees At Closing (pts, . . . )$3,010
Total Cost (estimated)$442,261
Original listing date9/29/23
DOM (days on market – TODAY)115

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$128,997
 Financed Amount$300,993
 Interest Rate 6.875%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,977
 Cash Outlay (Total Out of Pocket) $141,268

Estimated Financial Assumptions
MonthlyYearly
Rent (upper)*$3,000$3,000$36,000
Rent (lower)*$3,000$36,000
    
Property Taxes $217$2,604
Insurance $239$2,868
Repairs75$50$600
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$240$2,880
Leasing Fee50%$62.5$750
HOA or Fixed Costs$60$720
Vacancy Rate 4.0% 
Total Fixed Expenses33%$979$11,747
 Total Expenses (Fixed + Mortgage)$2,931$35,174

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate1.5%3.2%5.0%7.0%
 Net Cash Flow$10,918$44,636$105,013$196,544
 Equity Increase$111,206$249,973$423,691$641,929
 Total Gain$122,124$294,610$528,705$838,473
      
 Average Cash Flow/Year$2,184$4,464$7,001$9,827
 Average Cash Flow/Month$182$372$583$819
 Average Gain/Year$24,425$29,461$35,247$41,924
 Average ROI86.4%208.5%374.3%593.5%
 Annual ROI17.3%20.9%25.0%29.7%
 Projected Property Value$523,161$636,505$774,406$942,183

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1418FAVORABLE
 Square Feet  1,0002,203FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  22.5FAVORABLE
 Year Built  19702024FAVORABLE
 Average Cash Flow (at year 5)  $125$182FAVORABLE
 Average ROI (at year 5)  15%17.3%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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