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The Perfect BRAND NEW Addition To Your Portfolio! [Code: 3085]

Posted by Powered by Simply Do It on September 26, 2024
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Why THIS deal??
  • ~$572/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$457/mo. at today's rates of 5.99%

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  • BRAND NEW Single family home with 4 bedrooms and 2.5 bathrooms
  • Location has quick access to major commuting routes, shopping and schools
  • 9ft Ceilings on first floor, Shaker style cabinetry, Solid Surface Countertops with 4in backsplash, Stainless Steel appliances by Whirlpool
  • Moen chrome plumbing fixtures with Anti-scald shower valves, Mohawk flooring, LED lighting throughout, Architectural Shingles, Concrete rear patio (may vary per plan)
  • Highly appreciating area with strong rental market
  • Property has been on the market for 182 days
  • Located in a brand new development tucked within a more established neighborhood
  • MORE than double your money in 5 years!! 
  • No HOA charges
  • #cashflow  #appreciation  #turnkey  #newbuild

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

  • Built: 2024
  • Size:1,991 square foot home
  • Low Crime, 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: 3085


Property Specifications1
 Bedrooms4
 Bathrooms2.5
 Square Feet1991
 Year Built2024
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)15

Purchase AssumptionsMy Offer
Offer used for analysis$350,309
Suggested offer (low)$345,000
Suggested offer (high)$350,309
Asking$350,309
Market Value (after improvements)$356,400
Day-1 Equity$6,091
Estimated Improvements (lower)$1,785
Estimated Improvements (upper)$2,075
Estimated Closing Costs$3,503
Estimated Mortgage Costs$2,452
Other Fees At Closing (pts, . . . )$2,452
Total Cost (estimated)$360,646

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$105,093
 Financed Amount$245,216
 Interest Rate 5.990%
 Mortgage Term (Years)30
 Monthly Mortgage Payment58.7%$1,469
 Cash Outlay (Total Out of Pocket) $115,430

Estimated Financial Assumptions
 MonthlyYearly
Rent (upper)*$2,500$2,550$30,600
Rent (lower)*$2,450$29,400
    
Property Taxes $175$2,100
Insurance $125$1,500
Repairs75$50$600
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$200$2,400
Leasing Fee50%$52.1$625
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses27.8%$694$8,329
Total Expenses (Fixed + Mortgage)$2,163$25,952

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate4.8%6.5%8.4%10.5%
 Net Cash Flow$27,444$74,680$145,005$242,254
 Equity Increase$94,275$211,219$356,525$537,389
 Total Gain$121,719$285,900$501,529$779,643
      
 Average Cash Flow/Year$5,489$7,468$9,667$12,113
 Average Cash Flow/Month$457$622$806$1,009
 Average Gain/Year$24,344$28,590$33,435$38,982
 Average ROI105.4%247.7%434.5%675.4%
 Annual ROI21.1%24.8%29.0%33.8%
 Projected Property Value$433,615$527,559$641,856$780,916

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1415FAVORABLE
 Square Feet  1,0001,991FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  22.5FAVORABLE
 Year Built  19702024FAVORABLE
 Average Cash Flow (at year 5)  $125$457FAVORABLE
 Average ROI (at year 5)  15%21.1%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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