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RARE single story find in Nashville Metro!! [Code: 800]

Posted by Powered by Simply Do It on November 3, 2022
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Why THIS deal??
  • ~$60/mo cash flow right now.  Once it can be refinanced to around 4.5% (the last decade's average rate)…cash flow is over $330/mo.
  • New construction homes are easier to lease
  • Under $220K suggested offer price
  • Brand new appliances (including refrigerator)
  • 1-year builders warranty on the home
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After 15 Years (no mortgage)
Original purchase price $219,900
Total investment (out of pocket) $63,822
15 yrs Project house value $398,009
Value (appreciation) Gain $178,109
15 yrs cash-flow generated $33,230
Total Gain $211,339
ROI (15 yrs) 331%
ROI (annually) 22%
   
Free & Clear cash flow (yr.) $17,796
Free & Clear cash flow (m) $1,483

  • 3 bedroom, 2 bath One-Story Single Family Home
  • Hard flooring throughout.  No carpet to ever have to replace! 
  • Quiet residential street in safe subdivision
  • Walking distance to the local elementary school
  • Brand new build which means new window technology, new roof, new sheetrock, new appliances
  • No HOA fees
  • Highly appreciating neighborhood
  • 6,534 square foot lot


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

  • Built: 2022
  • Size: 1,200 square foot home
  • Low Crime, desirable community


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: 800


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1200
 Year Built 2022
 Garage Size 0
 Schools Rating (on scale of A-C) B

Purchase Assumptions My Offer
Offer used for analysis $219,900
Suggested offer (low) $219,900
Suggested offer (high) $219,900
Asking $219,900
Market Value (after improvements) $221,000
Improvements (lower) $1,500
Improvements (upper) $3,000
Closing Costs $2,199
Mortgage Costs $2,199
Other Fees At Closing $2,199
Total Cost  $228,747

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $54,975
 Financed Amount $164,925
 Interest Rate 7.125%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,111
 Cash Outlay (Total Out of Pocket) $63,822

Financial Assumptions Monthly Yearly
Rent (upper) $1,650 $1,700 $20,400
Rent (lower) $1,600 $19,200
Property Tax Rate (Approx.) 0.6%  
Property Taxes   $109 $1,308
Insurance   $140 $1,680
Repairs   $50 $600
Variable-Cost PM   8.0%  
Property Management Fee $132 $1,584
Leasing Fee 50% $34.4 $413
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $526 $6,313
 Total Expenses (Fixed + Mortgage) $1,637 $19,647

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 1.1% 2.2% 3.5% 4.8%
 Net Cash Flow $3,518 $14,342 $33,230 $61,024
 Equity Increase $57,353 $129,119 $219,269 $332,994
 Total Gain $60,872 $143,461 $252,500 $394,018
           
 Average Cash Flow/Year $704 $1,434 $2,215 $3,051
 Average Cash Flow/Month $59 $120 $185 $254
 Average Gain/Year $12,174 $14,346 $16,833 $19,701
 Average ROI 95.4% 224.8% 395.6% 617.4%
 Annual ROI 19.1% 22.5% 26.4% 30.9%
 Projected Property Value $268,880 $327,134 $398,009 $484,238

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet     1000 1,200 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 2 FAVORABLE
 Year Built     1970 2022 FAVORABLE
 Rent/Price (%)     0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5)     $125 $59 INSUFFICIENT
 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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