$800 a Month Cash Flow – WOW! [Code 8403]
- 10-unit group-buy. You are able to buy 1 or more (or all) units depending on your preference, but all 10 units need to be purchased with SDI investors at the same time as a group
- No (low) crime area
- Around $800/mo. cash flow for each unit based on market rent
- Six 4-bedroom townhomes with 2.5 baths and 2 car garages (one unit has a 1.5 car garage)
- Two 3-bedroom (with bonus room) townhomes with 2.5 baths and 2 car garages
- Two 3-bedroom townhomes with 2.5 baths and 1 car garages
- Townhomes are in separate buildings ranging from 2 units to 3 units per building
- Hardwood flooring/carpet throughout
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The master insurance policy will allow for a lower premium – added the upper range of the reduced premium to the spreadsheet
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Nashville Metro near Chattanooga
- 3-5 minutes to VW, Amazon, and FedEx, Interstate 75. Exceptional location
- Each of the units are titled separately and can be split and sold off individually
- HOA provides lawn care
- All units are leased. We have requested the rent roll, but have not received it yet from sellers agent
- Buyers must show proof of funds or pre-approval letter
- 75,052 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 2017-2018
- Size: 19,750 sq ft (approximately 1200 sq. foot per unit depending on which unit is selected)
- Quiet residential street, 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: 8403
**Example of analysis with generic numbers (these could change depending on which unit chosen)**
| Purchase Assumptions | My Offer |
| Offer used for analysis | $324,000 |
| Suggested offer (low) | $324,000 |
| Suggested offer (high) | $324,000 |
| Asking | $324,000 |
| Market Value (after improvements) | $324,000 |
| Improvements (lower) | $1,500 |
| Improvements (upper) | $2,500 |
| Closing Costs | $3,240 |
| Mortgage Costs | $3,240 |
| Other Fees At Closing | $0 |
| Total Cost | $332,480 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,500 | $2,550 | $30,600 | |
| Rent (lower) | $2,450 | $29,400 | ||
| Property Tax Rate (Approx.) | 0.3% | |||
| Property Taxes | $76 | $912 | ||
| Insurance | $70 | $840 | ||
| Repairs | $75 | $900 | ||
| Variable-Cost PM | 8.0% | |||
| Property Management Fee | $200 | $2,400 | ||
| Leasing Fee | 50% | $52.1 | $625 | |
| HOA | $46 | $552 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $611 | $7,333 | ||
| Total Expenses (Fixed + Mortgage) | $1,771 | $21,254 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 10.8% | 12.2% | 13.6% | 15.2% | |
| Net Cash Flow | $48,353 | $108,983 | $183,168 | $272,320 | |
| Equity Increase | $93,408 | $207,154 | $345,667 | $514,339 | |
| Total Gain | $141,761 | $316,137 | $528,835 | $786,659 | |
| Average Cash Flow/Year | $9,671 | $10,898 | $12,211 | $13,616 | |
| Average Cash Flow/Month | $806 | $908 | $1,018 | $1,135 | |
| Average Gain/Year | $28,352 | $31,614 | $35,256 | $39,333 | |
| Average ROI | 158.4% | 353.3% | 591.0% | 879.1% | |
| Annual ROI | 31.7% | 35.3% | 39.4% | 44.0% | |
| Projected Property Value | $394,196 | $479,599 | $583,506 | $709,924 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
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| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 1,975 | FAVORABLE | ||
| Bedrooms | 3 | 4 | FAVORABLE | ||
| Bathrooms | 2 | 2.5 | FAVORABLE | ||
| Year Built | 1970 | 2017 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.79% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $806 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 31.7% | FAVORABLE | ||
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.