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New Build with Good ROI [Code 104]

Posted by Powered by Simply Do It on January 4, 2022
0

 

 

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Description automatically generated with medium confidence

*New Construction loan payments do not start until after completion est. 3/2022

  • Beautiful brand new ranch-style build
  • Sits on a quiet residential street
  • Good local school district
  • No (low) crime area
  • 16,000+ sq. foot lot
  • 1-year builder warranty!
  • Construction should be finished in March 2022
  • Open concept floorplan

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

  • Built: 2022
  • Size: 1300+ sq ft with a 16k+ sq foot lot
  • Quiet street, desirable community, great schools
  • Low crime

 

Property Specifications

1

Bedrooms

3

Bathrooms

2

Square Feet

1300

Year Built

2022

Garage Size

2

Schools Rating (on scale of A-F)

B

 

Purchase Assumptions

My Offer

Offer used for analysis

$269,900

Suggested offer (low)

$269,900

Suggested offer (high)

$269,900

Asking

$269,900

Market Value (after improvements)

$277,000

Improvements (lower)

$1,550

Improvements (upper)

$1,750

Closing Costs

$2,500

Mortgage Costs

$2,500

Other Fees At Closing

$0

Total Cost

$276,550

 

Financial Assumptions

Monthly

Yearly

 

Rent (upper)

$1,725

$1,775

$21,300

 

Rent (lower)

$1,675

$20,100

 

Property Tax Rate (Approx.)

1.1%

 

 

Property Taxes

$135

$1,620

 

Insurance

$101

$1,212

 

Repairs

$65

$780

 

Variable-Cost PM

8.0%

 

 

Property Management Fee

$138

$1,656

 

Leasing Fee

50%

$35.9

$431

 

HOA

$50

$600

 

Vacancy Rate

4.0%

 

 

Total Fixed Expenses

$588

$7,061

 

Total Expenses (Fixed + Mortgage)

$1,486

$17,834

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

4.6%

5.6%

6.7%

7.8%

Net Cash Flow

$17,115

$41,617

$74,276

$115,940

Equity Increase

$81,182

$179,283

$297,845

$441,153

Total Gain

$98,297

$220,901

$372,121

$557,092

 

 

 

 

 

 

Average Cash Flow/Year

$3,423

$4,162

$4,952

$5,797

Average Cash Flow/Month

$285

$347

$413

$483

Average Gain/Year

$19,659

$22,090

$24,808

$27,855

Average ROI

132.6%

298.0%

502.0%

751.6%

Annual ROI

26.5%

29.8%

33.5%

37.6%

Projected Property Value

$337,013

$410,028

$498,861

$606,941

 

Property Ratings Suggestions

Item

 

 

Suggested Criteria (Min.)

This Property

FAVORABLE /
INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

1,300

FAVORABLE

Bedrooms

 

3

3

FAVORABLE

Bathrooms

 

2

2

FAVORABLE

Year Built

 

1970

2022

FAVORABLE

Rent/Price (%)

 

0.75%

0.66%

INSUFFICIENT

Average Cash Flow (at year 5)

$125

$285

FAVORABLE

Average ROI (at year 5)

15%

26.5%

FAVORABLE

 

 

Metro: Nashville

Team: Fred

Code: 104

 

 

What’s next?

Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.

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Description automatically generated with medium confidence

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. code 711

 

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