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Picture Perfect Cash-Cow in Nashville Metro [code: 3539]

Posted by Powered by Simply Do It on March 20, 2022
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  • 3 bedroom 2 bath single family residence
  • Quiet neighborhood
  • No (low) crime area
  • Great for commuters with quick access to the I-24
  • Additional large bonus room
  • Highly rentable area
  • Cannot inspect until tenants are out, but we CAN tie up the property! 
  • Around $380/mo. cash flow 
  • 2 car attached garage
  • Perfect for families!
  • Been on the market almost 50 days.  Great additional negotiating opportunity.
  • 9,583 square foot lot

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

  • Built: 2013
  • Size: 1,608  sq ft
  • Quiet residential street, 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: 3539

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1608
             Year Built 2003
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $252,500
            Suggested offer (low) $240,000
            Suggested offer (high) $252,500
            Asking $240,000
            Market Value (after improvements) $260,000
            Improvements (lower) $5,995
            Improvements (upper) $9,585
            Closing Costs $2,525
            Mortgage Costs $2,525
            Other Fees At Closing $0
            Total Cost  $265,340
            Financial Assumptions Monthly Yearly
            Rent (upper) $1,900 $1,950 $23,400
            Rent (lower) $1,850 $22,200
             Property Tax Rate (Approx.) 0.6%  
             Property Taxes $123 $1,476
             Insurance $140 $1,680
             Repairs $75 $900
            Variable-Cost PM 8.0%  
            Property Management Fee $152 $1,824
             Leasing Fee 50% $39.6 $475
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $600 $7,194
             Total Expenses (Fixed + Mortgage) $1,573 $18,878
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 6.0% 7.1% 8.3% 9.6%
             Net Cash Flow $22,795 $54,043 $94,623 $145,507
             Equity Increase $72,750 $161,966 $271,401 $405,663
             Total Gain $95,545 $216,009 $366,024 $551,171
                       
             Average Cash Flow/Year $4,559 $5,404 $6,308 $7,275
             Average Cash Flow/Month $380 $450 $526 $606
             Average Gain/Year $19,109 $21,601 $24,402 $27,559
             Average ROI 125.8% 284.4% 481.8% 725.6%
             Annual ROI 25.2% 28.4% 32.1% 36.3%
             Projected Property Value $316,330 $384,864 $468,245 $569,692
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 1,608 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 $380 FAVORABLE
             Average ROI (at year 5) 15% 25.2% 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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