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WHOA!! Look at the cash flow on this Nashville Metro Beauty [Code: 7724]

Posted by Powered by Simply Do It on August 16, 2022
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After 15 Years (no mortgage)
Original purchase price $325,000
Total investment (out of pocket) $90,000
15 yrs Project house value $605,117
Value (appreciation) Gain $280,117
15 yrs cash-flow generated $140,205
Total Gain $420,322
ROI (15 yrs) $5
ROI (annually) $0
   
Free & Clear cash flow (yr.) $28,925
Free & Clear cash flow (m) $2,410
  • 4 bedroom, 2 bath Single Family Detached Residence
  • Days on the Market: 47
  • Hardwood floors, renovated kitchen with island and new counters,  cabinets & fixtures, stainless appliances, improved closets,current appealing colors, big deck, newly renovated porch, new carpet & pad, freshly renovated bath and fixtures throughout, new windows, lots of room appeals to tenants!
  • ~ $575/mo. cash flow 
  • No HOA costs
  • Attached 1-car garage
  • Giant 43,560 square foot lot


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

  • Built: 1999
  • Size: 2,543 square foot
  • Low Crime, 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: 7724

            Property Specifications 1
             Bedrooms 4
             Bathrooms 2
             Square Feet 2543
             Year Built 1999
             Garage Size 1
             Schools Rating (on scale of A-C) A/B

              

            Purchase Assumptions My Offer
            Offer used for analysis $325,000
            Suggested offer (low) $308,950
            Suggested offer (high) $325,000
            Asking $325,000
            Market Value (after improvements) $336,000
            Improvements (lower) $1,500
            Improvements (upper) $3,000
            Closing Costs $3,250
            Mortgage Costs $3,250
            Other Fees At Closing $0
            Total Cost  $333,750
            Financial Assumptions Monthly Yearly
            Rent (upper) $2,450 $2,500 $30,000
            Rent (lower) $2,400 $28,800
            Property Tax Rate (Approx.) 0.4%  
            Property Taxes   $101 $1,212
            Insurance   $110 $1,320
            Repairs   $75 $900
            Variable-Cost PM   8.0%  
            Property Management Fee $196 $2,352
            Leasing Fee 50% $51.0 $613
            HOA   $0 $0
            Vacancy Rate   4.0%  
            Total Fixed Expenses $623 $7,478
             Total Expenses (Fixed + Mortgage) $1,950 $23,405
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 7.7% 9.0% 10.4% 11.9%
             Net Cash Flow $34,450 $80,773 $140,205 $214,112
             Equity Increase $92,319 $206,098 $346,412 $519,558
             Total Gain $126,769 $286,871 $486,617 $733,669
                       
             Average Cash Flow/Year $6,890 $8,077 $9,347 $10,706
             Average Cash Flow/Month $574 $673 $779 $892
             Average Gain/Year $25,354 $28,687 $32,441 $36,683
             Average ROI 140.9% 318.7% 540.7% 815.2%
             Annual ROI 28.2% 31.9% 36.0% 40.8%
             Projected Property Value $408,795 $497,362 $605,117 $736,217

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A/B FAVORABLE
             Square Feet     1000 2,543 FAVORABLE
             Bedrooms     3 4 FAVORABLE
             Bathrooms     2 2 FAVORABLE
             Year Built     1970 1999 FAVORABLE
             Rent/Price (%)     0.75% 0.77% FAVORABLE
             Average Cash Flow (at year 5)     $125 $574 FAVORABLE
             Average ROI (at year 5)     15% 28.2% 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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