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Well Located Suburban Nashville Opportunity
Hendersonville, TN 37075
Well Located Suburban Nashville Opportunity
Hendersonville, TN 37075
4.7%
Year 1 Cap Rate$572,987
10 yr cash flow9.07%
10 yr IRRDetails
- Lot size52,272
- Rentable Sq.Ft2,084
- $/Rentable Sq.Ft$226
- Monthly rent$2,700
- Safety deposit$2,700
- Estimated reserve$3,500
- Lease start2025-01-01
- Lease end2025-12-31
- HOANo
- Flood zoneNo
Discounted going-in basis as this is an off-market deal.
9-month lease-back to minimize potential vacancies and rental income loss.
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Hendersonville, 37075
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $32,400 | $34,020 | $35,721 | $39,382 | $50,263 |
| Vacancy & Collection Loss | ($1,296) | ($1,361) | ($1,429) | ($1,575) | ($2,011) |
| Operating revenues | $31,104 | $32,659 | $34,292 | $37,807 | $48,252 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($2,835) | ($2,920) | ($3,007) | ($3,191) | ($3,699) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($540) | ($567) | ($595) | ($656) | ($838) |
| Property management | ($1,555) | ($1,633) | ($1,715) | ($1,890) | ($2,413) |
| Real estate taxes | ($2,667) | ($2,747) | ($2,830) | ($3,002) | ($3,480) |
| Repairs and maintenance | ($1,296) | ($1,361) | ($1,429) | ($1,575) | ($2,011) |
| Operating expenses | ($8,893) | ($9,228) | ($9,576) | ($10,314) | ($12,441) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $31,104 | $32,659 | $34,292 | $37,807 | $48,252 |
| Operating expenses | ($8,893) | ($9,228) | ($9,576) | ($10,314) | ($12,441) |
| Net Operating Income | $22,211 | $23,431 | $24,716 | $27,493 | $35,811 |
| Cap Rate | 4.7% | 5.0% | 5.3% | 5.8% | 7.6% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($2,368) | ($2,439) | ($2,512) | ($2,665) | ($3,089) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($2,368) | ($2,439) | ($2,512) | ($2,665) | ($3,089) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $19,843 | $20,992 | $22,204 | $24,828 | $32,722 |
| Cash yield | 4.0% | 4.2% | 4.4% | 5.0% | 6.5% |
Acquisition Equity
| Down payment | ($470,000) | |||
|---|---|---|---|---|
| Title insurance | ($7,050) | |||
| Debt costs | ||||
| Acquisition fee | ($14,100) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($4,050) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,365) | |||
| Total | ($501,065) | |||
Disposition Proceeds
| Estimated sale price | $840,931 | |||
|---|---|---|---|---|
| Disposition fee | ($8,409) | |||
| Other disposition costs | ($16,819) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $815,703 | |||
