Who Wants to Retire Earlier?? [Code: 3606]

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Why THIS deal??
  • ~$526/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$353/mo. at today's rates of 7.125%
  • Great opportunity for an appreciation buy! 
  • Duplex with 2 bedrooms and 1 bathroom Units
  • Value add opportunity to update each of the units
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Good schools
  • Large lot
  • Newly Listed
  • No HOA charges
  • #equity  #cashflow  #valueadd  #appreciation

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

  • Built: 1984
  • Size: 2,378 square foot home
  • Low Crime, 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: 3606

Property Specifications2Per Door
 Square Feet23781189
 Year Built1984 
 Garage Size00
 Schools Rating (scale 3-30, 30 is best)15 
Lot size (sq ft)10,088 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$300,000$150,000
Suggested offer (low)$287,250$143,625
Suggested offer (high)$300,000$150,000
Market Value (after improvements)$325,000 
Estimated Improvements (lower)$18,000$9,000
Estimated Improvements (upper)$22,000$11,000
Estimated Closing Costs$3,000 
Estimated Mortgage Costs$2,415$1,208
Other Fees At Closing (pts, . . . )$2,1007%
Total Cost (estimated)$327,515$1,208

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$90,000
 Financed Amount$210,000
 Interest Rate 7.250%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,433
 Cash Outlay (Total Out of Pocket) $117,515

Estimated Financial Assumptions
Rent (upper)*$2,500$2,600$31,200
Rent (lower)*$2,400$28,800
Property Taxes $150$1,800
Insurance $185$2,220
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$200$2,400
Leasing Fee50%$52.1$625
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses33%$829$9,949
 Total Expenses (Fixed + Mortgage)$2,262$27,140

Financial Analysis / Deal Attractiveness    
 Cap Rate3.6%5.2%7.0%9.0%
 Net Cash Flow$21,177$61,268$123,478$211,544
 Equity Increase$82,217$184,828$313,375$475,091
 Total Gain$103,393$246,095$436,853$686,635
 Average Cash Flow/Year$4,235$6,127$8,232$10,577
 Average Cash Flow/Month$353$511$686$881
 Average Gain/Year$20,679$24,610$29,124$34,332
 Average ROI88.0%209.4%371.7%584.3%
 Annual ROI17.6%20.9%24.8%29.2%
 Projected Property Value$395,412$481,079$585,307$712,115

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Schools (scale of 3-30, 30 is the best) 1415FAVORABLE
 Square Feet  1,0002,378FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701984FAVORABLE
 Average Cash Flow (at year 5)  $125$353FAVORABLE
 Average ROI (at year 5)  15%17.6%FAVORABLE





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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.