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Ready to Rent Nashville home with good cashflow! [code 6180]

Posted by Powered by Simply Do It on February 1, 2022
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  • Beautiful 3 bedroom 2.5 bath home
  • Highly sought after neighborhood
  • Fenced large backyard with wood deck
  • No (low) crime area
  • Over $550/mo. cash flow! 
  • New Carpet and paint
  • Corner property in quiet residential neighborhood
  • Attached 2-car garage
  • Large wooded lot

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

  • Built: 2007
  • Size: 2,042  sq ft
  • Quiet residential street, Desirable community, good 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: 6180

Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 2042
 Year Built 2007
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $339,900
Suggested offer (low) $329,700
Suggested offer (high) $344,900
Asking $339,900
Market Value (after improvements) $303,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,399
Mortgage Costs $3,399
Other Fees At Closing $0
Total Cost  $348,698

Financial Assumptions Monthly Yearly
Rent (upper) $2,300 $2,400 $28,800
Rent (lower) $2,200 $26,400
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $125 $1,500
 Insurance $120 $1,440
 Repairs $70 $840
Variable-Cost PM 8.0%  
Property Management Fee $184 $2,208
 Leasing Fee 50% $47.9 $575
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $632 $7,579
 Total Expenses (Fixed + Mortgage) $1,812 $21,746

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 7.1% 8.3% 9.5% 10.8%
 Net Cash Flow $33,356 $77,556 $133,729 $203,122
 Equity Increase $90,941 $201,313 $335,268 $497,849
 Total Gain $124,297 $278,869 $468,998 $700,971
           
 Average Cash Flow/Year $6,671 $7,756 $8,915 $10,156
 Average Cash Flow/Month $556 $646 $743 $846
 Average Gain/Year $24,859 $27,887 $31,267 $35,049
 Average ROI 132.6% 297.4% 500.1% 747.5%
 Annual ROI 26.5% 29.7% 33.3% 37.4%
 Projected Property Value $368,646 $448,514 $545,686 $663,910

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,042 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2007 FAVORABLE
 Rent/Price (%)   0.75% 0.71% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $556 FAVORABLE
 Average ROI (at year 5) 15% 26.5% 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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