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This house checks ALL the boxes! [Code 2057]

Posted by Powered by Simply Do It on March 6, 2022
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After 15 Years (no mortgage)  
Original purchase price $305,000
Total investment (out of pocket) $84,350
15 yrs Project house value $559,733
Value (appreciation) Gain $254,733
15 yrs cash-flow generated $69,631
Total Gain $324,365
ROI (15 yrs) 385%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $20,768
Free & Clear cash flow (m) $1,731
  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Around $240/mo. cash flow 
  • 2 car attached garage
  • Good schools
  • 9,147 square foot lot

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

  • Built: 2018
  • Size: 2,720  sq ft
  • Quiet residential street, Desirable community, A/B rated schools

Why Nashville?

  • Follow the link to check out the wonderful attractions Nashville has to offer:  https://www.planetware.com/tourist-attractions-/nashville-us-tn-nash.htm
  • Fortune 500 Employers in Nashville: HCA Holdings Inc., Nashville, Community Health Systems, Franklin, Dollar General Corp., Goodlettsville, Delek US Holdings, Brentwood, Tractor Supply Co., Brentwood, LifePoint Health, Brentwood 

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: 2057


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1544
 Year Built 2018
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $305,000
Suggested offer (low) $259,900
Suggested offer (high) $305,000
Asking $259,900
Market Value (after improvements) $310,800
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,050
Mortgage Costs $3,050
Other Fees At Closing $0
Total Cost  $313,100

Financial Assumptions Monthly Yearly
Rent (upper) $1,950 $2,000 $24,000
Rent (lower) $1,900 $22,800
 Property Tax Rate (Approx.) 0.7%  
 Property Taxes $165 $1,980
 Insurance $130 $1,560
 Repairs $75 $900
Variable-Cost PM 8.0%  
Property Management Fee $156 $1,872
 Leasing Fee 50% $40.6 $488
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $638 $7,661
 Total Expenses (Fixed + Mortgage) $1,764 $21,164

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.4% 4.4% 5.5% 6.7%
 Net Cash Flow $14,390 $37,304 $69,631 $112,351
 Equity Increase $88,363 $196,283 $328,095 $489,097
 Total Gain $102,753 $233,587 $397,727 $601,447
           
 Average Cash Flow/Year $2,878 $3,730 $4,642 $5,618
 Average Cash Flow/Month $240 $311 $387 $468
 Average Gain/Year $20,551 $23,359 $26,515 $30,072
 Average ROI 121.8% 276.9% 471.5% 713.0%
 Annual ROI 24.4% 27.7% 31.4% 35.7%
 Projected Property Value $378,136 $460,060 $559,733 $681,001

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,544 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2018 FAVORABLE
 Rent/Price (%)   0.75% 0.66% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $240 FAVORABLE
 Average ROI (at year 5) 15% 24.4% 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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