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4 bed/2 bath split level $225k – St Louis metro

Posted by Dani Beit-Or on October 26, 2021
0
Hi, 

New on market
Rent is conservative – 4 bedrooms bring a higher rent – but given the time of year, I put it on the low end.
The commission is 2.5, so – 0.2% will be added by the buyer. 
Email/text for full address, analysis and the correct SDI local team in St Louis 

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 6.9% 8.0%
 Net Cash Flow $23,123 $53,327
 Equity Increase $66,395 $146,616
 Total Gain $89,518 $199,943
     
 Average Cash Flow/Year $4,625 $5,333
 Average Cash Flow/Month $385 $444
 Average Gain/Year $17,904 $19,994
 Average ROI 134.2% 299.8%
 Annual ROI 26.8% 30.0%
 Projected Property Value $273,747 $333,055

Property Specifications
 Bedrooms 4
 Bathrooms 2
 Square Feet 1,036
 Year Built 1973
 Garage Size 2
 Schools Rating (on a scale of 0-10) B

Suggested offer (options) $225,000
 Improvements (lower) $3,500
 Improvements (upper) $6,500
 Closing Costs $2,500
 Mortgage Costs $2,500
 Other Fees At Closing $450
Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $56,250
 Financed Amount $168,750
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $748
 Cash Outlay (Total Out of Pocket) $66,700

Financial Assumptions Monthly Yearly
Rent (upper) $1,750 $1,800 $21,600
Rent (lower) $1,700 $20,400
 Property Tax Rate (Approx.) 1.20%  
 Property Taxes $225 $2,700
 Insurance $100 $1,200
 Repairs $85 $1,020
Variable-Cost PM 7.5%  
Property Management Fee $131 $1,575
 Leasing Fee 75% $54.7 $656
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $661 $7,928
 Total Expenses (Fixed + Mortgage) $1,409 $16,909


All the best, 
Dani
Dani Beit-Or
Simply Do It Investing
Tampa | Houston | Dallas | Nashville | St Louis | Kansas City | Birmingham | Chattanooga
Podcast: Guided Real Estate Investing by Simply Do Itanchor.fm/simplydoit

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