click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next
Advanced Search
Your search results

New to the market with great ROI [code:6449]

Posted by Powered by Simply Do It on January 9, 2022
0
image.png
image.png
  • Grade A local school district
  • $680 cash flow per month!
  • Fresh on the market
  • Split level home with large lot
  • No (low) crime area
  • Move-in ready
  • Laminate flooring, wide deck, vaulted ceilings and fresh paint

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

  • Built: 2003
  • Size: 1,704+ sq ft
  • Quiet residential street, Desirable community, great schools

  

 

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1704
 Year Built 2003
 Garage Size 2
 Schools Rating (on scale of 0-10) A
Replacement Cost ($/SqFt) $100

Purchase Assumptions My Offer
Asking $299,900
Suggested offer (low) $299,900
Suggested offer (high) $304,900
Suggested offer (options) $304,900
Land Value (%) 15%
Building Value (%) 85%
 Market Value (after improvements) $305,000
 Improvements (lower) $1,800
 Improvements (upper) $2,300
 Closing Costs $3,100
 Mortgage Costs $3,100
 Other Fees At Closing $0
 Total Cost  $313,150

Financial Assumptions Monthly Yearly
Rent (upper) $2,295 $2,345 $28,140
Rent (lower) $2,245 $26,940
 Property Tax Rate (Approx.) 0.60%  
 Property Taxes $105 $1,260
 Insurance $160 $1,920
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $184 $2,203
 Leasing Fee 50% $47.8 $574
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $656 $7,870
 Total Expenses (Fixed + Mortgage) $1,699 $20,385

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 9.4% 10.7% 12.0% 13.5%
 Net Cash Flow $39,789 $90,231 $152,437 $227,629
 Equity Increase $89,202 $197,307 $328,328 $487,128
 Total Gain $128,991 $287,539 $480,765 $714,757
           
 Average Cash Flow/Year $7,958 $9,023 $10,162 $11,381
 Average Cash Flow/Month $663 $752 $847 $948
 Average Gain/Year $25,798 $28,754 $32,051 $35,738
 Average ROI 152.7% 340.4% 569.1% 846.1%
 Annual ROI 30.5% 34.0% 37.9% 42.3%
 Projected Property Value $371,079 $451,475 $549,288 $668,293

Property Ratings Suggestions
 Item      My Criteria (Min.) This Property FAVORABLE/INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,704 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built     1970 2003 FAVORABLE
 Rent/Price (%)   0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5) $125 $663 FAVORABLE
 Average ROI (at year 5)   15% 30.5% FAVORABLE
Cash Flow vs Out-of -Pocket   0.2% 0.8% FAVORABLE

 

Metro: Nashville

Team: Fred

Code: 6449

 

What's next?

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


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. 

Leave a Reply

Compare Listings