Rental Property in Nashville available for under $100k. Rent comps = $1250. Recently renovated!

[Damien Shoemake]

3bd/2.5ba End Unit, 2 Story Condo, 3 doors down from pool in a Golf Course Community. Recently renovated & upgraded. All systems are new; HVAC & HWH + new electric outlets, switches, lights, fans, cabinets, counters, stainless appliances, vanities, mirrors, tile, paint, carpet, flooring, doors + a bonus washer & dryer. Rent comps are showing $1200-$1250. HOA fee covers grounds, exterior maint & ins, roof, trash, water, pool & termite.

Price negotiable. Figures below calculated on current asking price. Message me for details:

Purchase Price: $94,500.00

Est Closing Costs: $2,868.00

Total Cost: $97,368.00

Taxes: $1,116.00

HOA: $2,544.00

Insurance: $252.00

Total Operating Exp: $3,912.00

Monthly Rent: $1,250.00

Total Annual Gross: $15,000.00

NOI: $11,088.00

More detailed calculations below with CCR, assuming using Conv Fin w/ 20% Down, self managed.

Purchase/Offer Price	$94,500.00
Down payment	$18,900.00
Initial Capital Improvements and Reserves	$0
Total Est Closing Costs	$2,868.00
Total Cash Investment	$21,768.00
Current / First Year Gross Rent	$15,000.00
Current / First Year Operating Expenses	$3,912.00
Current / First Year Net Operating Income	$11,088.00
Projected Holding Period	12 years
Terminal Cap Rate Assumed	11.43%
Projected Resale Price	$134,282.00
Projected Leveraged IRR of Investment *	32.62%
Projected Cumulative Cash-on-Cash Return *	728.28%
Capitalization Rate	11.73%
Gross Rent Multiplier	6.30
$/Sq Foot	$69.28
$/Unit	$94,500
Selected Projected Financial Measures	Year 1
Annual Cash-on-Cash Return *	25.95%
Cumulative Cash-on-Cash Return *	25.95%
DCR	2.04
LTV	76.97%
Return on Equity *	25.29%
Economic Occupancy %	100%
Effective Rent per sq foot	$11.00
* All figures pre-tax

Message me for more details. Thanks for looking!

Nashville, TN, Great Rental Opportunity. Good Cash Flow & Cap Rate. Full Renovation, Move-in-Ready, Upgraded Turn-Key Rental.