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Off Market Nashville Metro Find with Great Cash Flow!! [Code: 6843]

Posted by Powered by Simply Do It on October 11, 2022
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Why THIS deal??
  • Off-Market opportunity
  • If the suggested price is accepted, the investor has an instant $14K of equity!
  • ~$350/mo. cash flow
  • Under $250K suggested purchase price
  • Brand New Roof, Paint, Flooring & Appliances.  *Photos coming shortly
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After 15 Years (no mortgage)
Original purchase price $249,900
Total investment (out of pocket) $71,888
15 yrs Project house value $473,648
Value (appreciation) Gain $223,748
15 yrs cash-flow generated $92,570
Total Gain $316,318
ROI (15 yrs) 440%
ROI (annually) 29%
   
Free & Clear cash flow (yr.) $22,290
Free & Clear cash flow (m) $1,857
  • 3 bedroom, 2 bath Single Family Home
  • Great school district
  • Zero HOA fees
  • Great location with quick access to major commuting routes
  • Area undergoing appreciation and increasing rents
  • Attached 2-car garage
  • 4,750 square foot lot


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

  • Built: 1999
  • Size: 1,624 square foot house
  • 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: 6843


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1624
 Year Built 1999
 Garage Size 2
 Schools Rating (on scale of A-C) B

Purchase Assumptions My Offer
Offer used for analysis $249,900
Suggested offer (low) $237,000
Suggested offer (high) $249,900
Asking $249,900
Market Value (after improvements) $263,000
Improvements (lower) $2,045
Improvements (upper) $4,285
Closing Costs $2,499
Mortgage Costs $2,499
Other Fees At Closing $1,250
Total Cost  $259,313

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $62,475
 Financed Amount $187,425
 Interest Rate 5.875%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,109
 Cash Outlay (Total Out of Pocket) $71,888

Financial Assumptions Monthly Yearly
Rent (upper) $2,000 $2,050 $24,600
Rent (lower) $1,950 $23,400
Property Tax Rate (Approx.) 0.6%  
Property Taxes   $102 $1,224
Insurance   $140 $1,680
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $160 $1,920
Leasing Fee 50% $41.7 $500
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $592 $7,107
 Total Expenses (Fixed + Mortgage) $1,701 $20,411

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 6.0% 7.2% 8.6% 10.0%
 Net Cash Flow $21,389 $51,929 $92,570 $144,365
 Equity Increase $70,269 $157,408 $265,632 $400,260
 Total Gain $91,659 $209,337 $358,202 $544,625
           
 Average Cash Flow/Year $4,278 $5,193 $6,171 $7,218
 Average Cash Flow/Month $356 $433 $514 $602
 Average Gain/Year $18,332 $20,934 $23,880 $27,231
 Average ROI 127.5% 291.2% 498.3% 757.6%
 Annual ROI 25.5% 29.1% 33.2% 37.9%
 Projected Property Value $319,980 $389,304 $473,648 $576,265

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet     1000 1,624 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 1999 FAVORABLE
 Rent/Price (%)     0.75% 0.82% FAVORABLE
 Average Cash Flow (at year 5)     $125 $356 FAVORABLE
 Average ROI (at year 5)     15% 25.5% 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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