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RARE Duplex in Nashville Metro [Code: 628]

Posted by Powered by Simply Do It on May 5, 2022
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After 15 Years (no mortgage)  
Original purchase price $360,000
Total investment (out of pocket) $105,505
15 yrs Project house value $558,292
Value (appreciation) Gain $198,292
15 yrs cash-flow generated $70,469
Total Gain $268,761
ROI (15 yrs) 255%
ROI (annually) 17%
   
Free & Clear cash flow (yr.) $25,853
Free & Clear cash flow (m) $2,154
  • Beautiful 6 bedroom, 5 bathroom duplex (two-3 bedroom, 2.5 bathroom units)
  • Newer laminate hard flooring throughout.  Super low maintenance! 
  • ~ $200/mo. cash flow 
  • Close to new Cadillac EV manufacturing plant with good employment opportunities for renters
  • Prime family location with restaurants/shopping/activities nearby
  • Located on a quiet cul-de-sac street
  • Equivalent to buying 2 properties for $180k each!
  • 6,621 square foot lot

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

  • Built: 2002
  • Size: 2,728 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: 628


            Property Specifications 2 Per Door
             Bedrooms 6 3
             Bathrooms 5 2.5
             Square Feet 2728 1364
             Year Built 2002  
             Garage Size 0  
             Schools Rating (on scale of A-C) B-  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $360,000 $180,000
            Suggested offer (low) $350,000 $175,000
            Suggested offer (high) $360,000 $180,000
            Asking $350,000 $175,000
            Market Value (after improvements) $310,000  
            Improvements (lower) $6,785 $3,393
            Improvements (upper) $9,825 $4,913
            Closing Costs $3,600  
            Mortgage Costs $3,600 $1,800
            Other Fees At Closing $0 $0
            Total Cost  $375,505 $1,800

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,450 $2,500 $30,000
            Rent (lower) $2,400 $28,800
             Property Tax Rate (Approx.) 0.6%  
             Property Taxes $195 $2,340
             Insurance $135 $1,620
             Repairs $150 $1,800
            Variable-Cost PM 8.0%  
            Property Management Fee $196 $2,352
             Leasing Fee 50% $51.0 $613
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $817 $9,806
             Total Expenses (Fixed + Mortgage) $2,308 $27,698

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.4% 3.4% 4.5% 5.6%
             Net Cash Flow $12,509 $35,630 $70,469 $118,244
             Equity Increase $88,359 $197,615 $332,823 $500,286
             Total Gain $100,868 $233,246 $403,292 $618,530
                       
             Average Cash Flow/Year $2,502 $3,563 $4,698 $5,912
             Average Cash Flow/Month $208 $297 $391 $493
             Average Gain/Year $20,174 $23,325 $26,886 $30,927
             Average ROI 95.6% 221.1% 382.2% 586.3%
             Annual ROI 19.1% 22.1% 25.5% 29.3%
             Projected Property Value $377,162 $458,876 $558,292 $679,248

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B- INSUFFICIENT
             Square Feet   1000 2,728 FAVORABLE
             Bedrooms   3 6 FAVORABLE
             Bathrooms   2 5 FAVORABLE
             Year Built   1970 2002 FAVORABLE
             Rent/Price (%)   0.75% 0.69% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $208 FAVORABLE
             Average ROI (at year 5) 15% 19.1% 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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