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WHOA! Cash Flowing Property in Nashville Metro!! [Code: 7003]

Posted by Powered by Simply Do It on December 14, 2022
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Why THIS deal??
  • ~$622/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$429 at today's rates of 6.25%
  • Remodeled Single Family (see details below) with finished basement
  • Instant $26K in equity if aggressive suggested offer price is accepted! 
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After 15 Years (no mortgage)
Original purchase price $236,900
Total investment (out of pocket) $69,963
15 yrs Project house value $473,648
Value (appreciation) Gain $236,748
15 yrs cash-flow generated $106,657
Total Gain $343,405
ROI (15 yrs) 491%
ROI (annually) 33%
   
Free & Clear cash flow (yr.) $23,162
Free & Clear cash flow (m) $1,930

  • 4 bedroom, 2.5 bath Single Family Home 
  • Great location with quick access to major commuting routes, shopping and schools
  • 111 Days on the Market.  Seller is now VERY motivated to negotiate.
  • NEW: garage doors installed, deck, bedroom & downstair laminate floors
  • 2015 roof replacement, windows, HVAC, laundry chute to laundry area!
  • Hardwood & tile in main areas. 
  • Fenced yard & garage sink!
  • A/B rated schools
  • No HOA charges
  • Attached 2-car garage
  • 0.39 acre wooded privacy lot


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

  • Built: 1975
  • Size: 1,950 square foot home
  • Low Crime, Desirable Community, A/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: 7008

Property Specifications 1 Per Door
 Bedrooms 4  
 Bathrooms 2.5  
 Square Feet 1950  
 Year Built 1975 Remodeled
 Garage Size 2  
 Schools Rating (on scale of A-C) A/B  

Purchase Assumptions My Offer Per Door
Offer used for analysis $236,900  
Suggested offer (low) $236,900  
Suggested offer (high) $251,950  
Asking $259,900  
Market Value (after improvements) $263,000  
Improvements (lower) $4,000  
Improvements (upper) $8,000  optional upgrades 
Closing Costs $2,369  
Mortgage Costs $2,369  
Other Fees At Closing $0  
Total Cost  $247,638  

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $59,225
 Financed Amount $177,675
 Interest Rate (5/6 ARM) 6.250%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,094
 Cash Outlay (Total Out of Pocket) $69,963

Financial Assumptions Monthly Yearly
Rent (upper) $2,050 $2,100 $25,200
Rent (lower) $2,000 $24,000
Property Tax Rate (Approx.) 0.4%  
Property Taxes   $85 $1,020
Insurance   $145 $1,740
Repairs   $75 $900
Variable-Cost PM   8.0%  
Property Management Fee $164 $1,968
Leasing Fee 50% $42.7 $513
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $587 $7,046
 Total Expenses (Fixed + Mortgage) $1,681 $20,173

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 7.4% 8.7% 10.2% 11.7%
 Net Cash Flow $25,714 $60,937 $106,657 $163,967
 Equity Increase $68,818 $154,311 $260,736 $393,510
 Total Gain $94,532 $215,247 $367,393 $557,477
           
 Average Cash Flow/Year $5,143 $6,094 $7,110 $8,198
 Average Cash Flow/Month $429 $508 $593 $683
 Average Gain/Year $18,906 $21,525 $24,493 $27,874
 Average ROI 135.1% 307.7% 525.1% 796.8%
 Annual ROI 27.0% 30.8% 35.0% 39.8%
 Projected Property Value $319,980 $389,304 $473,648 $576,265

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A/B FAVORABLE
 Square Feet     1000 1,950 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 2.5 FAVORABLE
 Year Built     1970 1975 FAVORABLE
 Rent/Price (%)     0.75% 0.89% FAVORABLE
 Average Cash Flow (at year 5)     $125 $429 FAVORABLE
 Average ROI (at year 5)     15% 27.0% 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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