Rare Nashville Find! [Code: 1606]
| After 15 Years (no mortgage) | |
| Original purchase price | $211,500 |
| Total investment (out of pocket) | $59,105 |
| 15 yrs Project house value | $380,900 |
| Value (appreciation) Gain | $169,400 |
| 15 yrs cash-flow generated | $38,812 |
| Total Gain | $208,212 |
| ROI (15 yrs) | 352% |
| ROI (annually) | 23% |
| Free & Clear cash flow (yr.) | $14,326 |
| Free & Clear cash flow (m) | $1,194 |
- 3 bedroom, 2 bathroom single family property
- Close to all amenities and to I-24
- Around $115/mo. cash flow
- Solid wood cabinets
- Quiet residential street
- Highly appreciating area
- Low initial cash outlay. Perfect for the beginning investor!
- Move-in ready
- 26 days on the market which provides additional negotiating opportunities
- Wood deck off the back kitchen area of the house
- 1/4 Acre lot
- B rated schools
Why should you consider this house / what makes it a good investment?
- Built: 2013
- Size: 1,128 sq ft
- 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: 1606
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Square Feet | 1128 |
| Year Built | 2013 |
| Garage Size | 0 |
| Schools Rating (on scale of A-C) | B |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $211,500 |
| Suggested offer (low) | $209,900 |
| Suggested offer (high) | $211,500 |
| Asking | $209,900 |
| Market Value (after improvements) | $211,500 |
| Improvements (lower) | $1,500 |
| Improvements (upper) | $2,500 |
| Closing Costs | $2,115 |
| Mortgage Costs | $2,115 |
| Other Fees At Closing | $0 |
| Total Cost | $217,730 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $1,375 | $1,425 | $17,100 | |
| Rent (lower) | $1,325 | $15,900 | ||
| Property Tax Rate (Approx.) | 0.6% | |||
| Property Taxes | $106 | $1,272 | ||
| Insurance | $100 | $1,200 | ||
| Repairs | $75 | $900 | ||
| Variable-Cost PM | 8.0% | |||
| Property Management Fee | $110 | $1,320 | ||
| Leasing Fee | 50% | $28.6 | $344 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $470 | $5,643 | ||
| Total Expenses (Fixed + Mortgage) | $1,298 | $15,573 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 2.3% | 3.3% | 4.4% | 5.5% | |
| Net Cash Flow | $6,853 | $19,586 | $38,812 | $65,207 | |
| Equity Increase | $59,308 | $132,150 | $221,643 | $331,626 | |
| Total Gain | $66,161 | $151,736 | $260,455 | $396,832 | |
| Average Cash Flow/Year | $1,371 | $1,959 | $2,587 | $3,260 | |
| Average Cash Flow/Month | $114 | $163 | $216 | $272 | |
| Average Gain/Year | $13,232 | $15,174 | $17,364 | $19,842 | |
| Average ROI | 111.9% | 256.7% | 440.7% | 671.4% | |
| Annual ROI | 22.4% | 25.7% | 29.4% | 33.6% | |
| Projected Property Value | $257,322 | $313,072 | $380,900 | $463,423 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 1,128 | FAVORABLE | ||
| Bedrooms | 3 | 3 | FAVORABLE | ||
| Bathrooms | 2 | 2 | FAVORABLE | ||
| Year Built | 1970 | 2013 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.67% | INSUFFICIENT | ||
| Average Cash Flow (at year 5) | $125 | $114 | INSUFFICIENT | ||
| Average ROI (at year 5) | 15% | 22.4% | FAVORABLE | ||
