DO NOT pass up this HUGE opportunity! [Code: 1201]
| After 15 Years (no mortgage) | |
| Original purchase price | $1,100,000 |
| Total investment (out of pocket) | $355,500 |
| 15 yrs Project house value | $1,981,038 |
| Value (appreciation) Gain | $881,038 |
| 15 yrs cash-flow generated | $448,032 |
| Total Gain | $1,329,070 |
| ROI (15 yrs) | 374% |
| ROI (annually) | 25% |
| Free & Clear cash flow (yr.) | $90,954 |
| Free & Clear cash flow (m) | $7,580 |
- This property WILL REQUIRE A COMMERCIAL LOAN or CASH INVESTMENT
- We have requested details on what mechanical systems have been renovated and are awaiting a response. We will update any interested parties once information is received.
- 8 bedroom 8 bath multi-unit residence (Eight single 1/1 units)
- No (low) crime area
- Your target renter will be young professionals with no kids
- Over $1800/mo. cash flow
- 2 uncovered parking spots per unit
- Property is currently vacant due to the remodel and tenants are actively being solicited
- Good schools
- 1 Acre lot
Why should you consider this house / what makes it a good investment?
- Built: 1964
- Size: 1 Acre Lot
- 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: 1201
| Property Specifications | 8 | Per Door |
| Bedrooms | 8 | 1 |
| Bathrooms | 8 | 1.0 |
| Square Feet | 4350 | 544 |
| Year Built | 1964 | Renovated |
| Garage Size | 0 | 2 spaces |
| Schools Rating (on scale of A-F) | B |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $1,100,000 | $137,500 |
| Suggested offer (low) | $990,000 | $123,750 |
| Suggested offer (high) | $1,100,000 | $137,500 |
| Asking | $1,100,000 | $137,500 |
| Market Value (after improvements) | $1,100,000 | |
| Improvements (lower) | $2,500 | $313 |
| Improvements (upper) | $4,500 | $563 |
| Closing Costs | $11,000 | |
| Mortgage Costs | $11,000 | $1,375 |
| Other Fees At Closing | $0 | $0 |
| Total Cost | $1,125,500 | $1,375 |
| Financing Assumptions | |||
| Down Payment (%) | 30% | ||
| Down Payment Amount | $330,000 | ||
| Financed Amount | $770,000 | ||
| Interest Rate | 5.00% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $4,134 | ||
| Cash Outlay (Total Out of Pocket) | $355,500 | ||
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $8,075 | $8,400 | $100,800 | |
| Rent (lower) | $7,750 | $93,000 | ||
| Property Tax Rate (Approx.) | 0.1% | |||
| Property Taxes | $280 | $3,360 | ||
| Insurance | $265 | $3,180 | ||
| Repairs | $600 | $7,200 | ||
| Variable-Cost PM | 8.0% | |||
| Property Management Fee | $646 | $7,752 | ||
| Leasing Fee | 50% | $168.2 | $2,019 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 5.0% | |||
| Total Fixed Expenses | $2,331 | $27,968 | ||
| Total Expenses (Fixed + Mortgage) | $6,464 | $77,570 | ||
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 4,350 | FAVORABLE | ||
| Bedrooms | 3 | 8 | FAVORABLE | ||
| Bathrooms | 2 | 8 | FAVORABLE | ||
| Year Built | 1970 | 1964 | INSUFFICIENT | ||
| Rent/Price (%) | 0.75% | 0.76% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $1,845 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 13.5% | INSUFFICIENT | ||
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.