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Nashville Metro Home with Great ROI! [Code: 1140]

Posted by Powered by Simply Do It on September 27, 2022
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Why THIS deal??
  • Been on the market for 20 days
  • ~$440/mo cash flow
  • Very little work needed to make this lease-ready
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After 15 Years (no mortgage)
Original purchase price $269,900
Total investment (out of pocket) $82,723
15 yrs Project house value $506,966
Value (appreciation) Gain $237,066
15 yrs cash-flow generated $110,730
Total Gain $347,796
ROI (15 yrs) 420%
ROI (annually) 28%
   
Free & Clear cash flow (yr.) $24,894
Free & Clear cash flow (m) $2,074

  • 3 bedroom, 2 bath Single Family Home
  • Large fenced backyard with storage shed.  Perfect for families and pets
  • Good school district
  • No HOA fees
  • Highly appreciating neighborhood
  • Attached 2-car garage
  • 8,393 square foot lot


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

  • Built: 1998
  • Size: 1,886 square foot 
  • Low Crime, desirable community, 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: 1140


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1886
 Year Built 1998
 Garage Size 2
 Schools Rating (on scale of A-C) B

Purchase Assumptions My Offer
Offer used for analysis $269,900
Suggested offer (low) $259,500
Suggested offer (high) $269,900
Asking $269,900
Market Value (after improvements) $281,500
Improvements (lower) $7,500
Improvements (upper) $9,500
Closing Costs $2,699
Mortgage Costs $2,699
Other Fees At Closing $1,350
Total Cost  $285,148

Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,250 $27,000
Rent (lower) $2,150 $25,800
Property Tax Rate (Approx.) 0.7%  
Property Taxes   $150 $1,800
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $176 $2,112
Leasing Fee 50% $45.8 $550
HOA     $0
Vacancy Rate   4.0%  
Total Fixed Expenses $628 $7,534
 Total Expenses (Fixed + Mortgage) $1,825 $21,903


Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 6.4% 7.6% 8.9% 10.3%
 Net Cash Flow $26,337 $62,892 $110,730 $171,025
 Equity Increase $75,341 $168,782 $284,850 $429,258
 Total Gain $101,678 $231,674 $395,580 $600,283
           
 Average Cash Flow/Year $5,267 $6,289 $7,382 $8,551
 Average Cash Flow/Month $439 $524 $615 $713
 Average Gain/Year $20,336 $23,167 $26,372 $30,014
 Average ROI 122.9% 280.1% 478.2% 725.7%
 Annual ROI 24.6% 28.0% 31.9% 36.3%
 Projected Property Value $342,488 $416,689 $506,966 $616,801

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet     1000 1,886 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 1998 FAVORABLE
 Rent/Price (%)     0.75% 0.83% FAVORABLE
 Average Cash Flow (at year 5)     $125 $439 FAVORABLE
 Average ROI (at year 5)     15% 24.6% 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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