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Newly listed! Adorable Nashville home [code: 1040]

Posted by Powered by Simply Do It on January 24, 2022
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  • Over $270/mo. cashflow
  • Newly listed today! 
  • Beautiful home on a cul-de-sac with huge bonus room above the garage
  • Primary bedroom/bathroom offers a double sink and a deep walk-in closet
  • No (low) crime area
  • 9,500+ sq. foot lot.  Perfect for kids and pets

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

  • Built: 2007
  • Size: 1,666+ sq ft on a 9,583 sq foot lot
  • Quiet residential street, Desirable community, Good school district
  • Turnkey property in wonderful condition

  

What's next?

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

Metro: Nashville

Team: Fred – email him directly: nash1@simplydoit.net

Code: 1040

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1666
 Year Built 2007
 Garage Size 2
 Schools Rating (on scale of A-F) C

Purchase Assumptions My Offer
Offer used for analysis $252,850
Suggested offer (low) $250,000
Suggested offer (high) $252,850
Asking $246,900
Market Value (after improvements) $260,000
Improvements (lower) $6,565
Improvements (upper) $7,565
Closing Costs $2,529
Mortgage Costs $2,529
Other Fees At Closing $0
Total Cost  $264,972

Financial Assumptions Monthly Yearly
Rent (upper) $1,835 $1,885 $22,620
Rent (lower) $1,785 $21,420
 Property Tax Rate (Approx.) 0.7%  
 Property Taxes $280 $3,360
 Insurance $129 $1,548
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $147 $1,762
 Leasing Fee 50% $38.2 $459
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $737 $8,839
 Total Expenses (Fixed + Mortgage) $1,604 $19,249

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.4% 5.3% 6.4% 7.4%
 Net Cash Flow $16,545 $40,230 $71,797 $112,068
 Equity Increase $75,433 $166,889 $277,775 $412,223
 Total Gain $91,979 $207,119 $349,572 $524,290
           
 Average Cash Flow/Year $3,309 $4,023 $4,786 $5,603
 Average Cash Flow/Month $276 $335 $399 $467
 Average Gain/Year $18,396 $20,712 $23,305 $26,215
 Average ROI 122.1% 274.9% 464.0% 696.0%
 Annual ROI 24.4% 27.5% 30.9% 34.8%
 Projected Property Value $316,330 $384,864 $468,245 $569,692

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B C INSUFFICIENT
 Square Feet   1000 1,666 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2007 FAVORABLE
 Rent/Price (%)   0.75% 0.75% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $276 FAVORABLE
 Average ROI (at year 5) 15% 24.4% 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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