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Rare Nashville Find! [Code: 1606]

Posted by Powered by Simply Do It on June 13, 2022
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After 15 Years (no mortgage)  
Original purchase price $211,500
Total investment (out of pocket) $59,105
15 yrs Project house value $380,900
Value (appreciation) Gain $169,400
15 yrs cash-flow generated $38,812
Total Gain $208,212
ROI (15 yrs) 352%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $14,326
Free & Clear cash flow (m) $1,194
  • 3 bedroom, 2 bathroom single family property 
  • Close to all amenities and to I-24
  • Around $115/mo. cash flow 
  • Solid wood cabinets
  • Quiet residential street
  • Highly appreciating area
  • Low initial cash outlay.  Perfect for the beginning investor! 
  • Move-in ready
  • 26 days on the market which provides additional negotiating opportunities
  • Wood deck off the back kitchen area of the house
  • 1/4 Acre lot
  • B rated schools


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

  • Built: 2013
  • Size:  1,128 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: 1606


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1128
             Year Built 2013
             Garage Size 0
             Schools Rating (on scale of A-C) B

            Purchase Assumptions My Offer
            Offer used for analysis $211,500
            Suggested offer (low) $209,900
            Suggested offer (high) $211,500
            Asking $209,900
            Market Value (after improvements) $211,500
            Improvements (lower) $1,500
            Improvements (upper) $2,500
            Closing Costs $2,115
            Mortgage Costs $2,115
            Other Fees At Closing $0
            Total Cost  $217,730

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,375 $1,425 $17,100
            Rent (lower) $1,325 $15,900
             Property Tax Rate (Approx.) 0.6%  
             Property Taxes $106 $1,272
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 8.0%  
            Property Management Fee $110 $1,320
             Leasing Fee 50% $28.6 $344
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $470 $5,643
             Total Expenses (Fixed + Mortgage) $1,298 $15,573

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.3% 3.3% 4.4% 5.5%
             Net Cash Flow $6,853 $19,586 $38,812 $65,207
             Equity Increase $59,308 $132,150 $221,643 $331,626
             Total Gain $66,161 $151,736 $260,455 $396,832
                       
             Average Cash Flow/Year $1,371 $1,959 $2,587 $3,260
             Average Cash Flow/Month $114 $163 $216 $272
             Average Gain/Year $13,232 $15,174 $17,364 $19,842
             Average ROI 111.9% 256.7% 440.7% 671.4%
             Annual ROI 22.4% 25.7% 29.4% 33.6%
             Projected Property Value $257,322 $313,072 $380,900 $463,423

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 1,128 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 2013 FAVORABLE
             Rent/Price (%)   0.75% 0.67% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $114 INSUFFICIENT
             Average ROI (at year 5) 15% 22.4% FAVORABLE

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