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Nashville Metro Value-Add Opportunity [Code: 328]

Posted by Powered by Simply Do It on August 30, 2022
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Why THIS deal??
  • ~ $375/mo. cash flow 
  • HOT Nashville metro close to downtown
  • Highly appreciating neighborhood
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After 15 Years (no mortgage)
Original purchase price $294,900
Total investment (out of pocket) $89,123
15 yrs Project house value $556,492
Value (appreciation) Gain $261,592
15 yrs cash-flow generated $99,579
Total Gain $361,170
ROI (15 yrs) $4
ROI (annually) $0
   
Free & Clear cash flow (yr.) $25,084
Free & Clear cash flow (m) $2,090
  • 3 bedroom, 2 bath Single Family Detached Residence
  • Newly listed.  Get your offer in quick! 
  • Located at the very end of a cul de sac
  • Many close by charter & private schools in the area
  • ~ $375/mo. cash flow 
  • $5K instant equity if suggested offer is accepted
  • Low HOA costs
  • Attached 2-car garage
  • Awaiting interior photos.  Some work will need to be done according to our agent. 
  • Quiet residential street
  • Minutes from downtown Nashville
  • 0.31 acre lot


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

  • Built: 1988
  • Size: 1,566 square foot home
  • Low Crime, Desirable community, Prime cul de sac location

            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: 328



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            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1566
             Year Built 1988
             Garage Size 2
             Schools Rating (on scale of A-C) C

            Purchase Assumptions My Offer
            Offer used for analysis $294,900
            Suggested offer (low) $289,900
            Suggested offer (high) $294,900
            Asking $300,000
            Market Value (after improvements) $309,000
            Improvements (lower) $7,000
            Improvements (upper) $12,000
            Closing Costs $2,949
            Mortgage Costs $2,949
            Other Fees At Closing $0
            Total Cost  $310,298

            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   $80 $960
            Insurance   $163 $1,956
            Repairs   $70 $840
            Variable-Cost PM   8.0%  
            Property Management Fee $176 $2,112
            Leasing Fee 50% $45.8 $550
            HOA   $0 $0
            Vacancy Rate   4.0%  
            Total Fixed Expenses $616 $7,390
             Total Expenses (Fixed + Mortgage) $1,889 $22,668

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.1% 6.2% 7.4% 8.8%
             Net Cash Flow $22,539 $55,374 $99,579 $156,335
             Equity Increase $83,285 $186,366 $314,101 $472,582
             Total Gain $105,824 $241,741 $413,680 $628,916
                       
             Average Cash Flow/Year $4,508 $5,537 $6,639 $7,817
             Average Cash Flow/Month $376 $461 $553 $651
             Average Gain/Year $21,165 $24,174 $27,579 $31,446
             Average ROI 118.7% 271.2% 464.2% 705.7%
             Annual ROI 23.7% 27.1% 30.9% 35.3%
             Projected Property Value $375,946 $457,395 $556,492 $677,057

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B C INSUFFICIENT
             Square Feet     1000 1,566 FAVORABLE
             Bedrooms     3 3 FAVORABLE
             Bathrooms     2 2 FAVORABLE
             Year Built     1970 1988 FAVORABLE
             Rent/Price (%)     0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5)     $125 $376 FAVORABLE
             Average ROI (at year 5)     15% 23.7% 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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