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6 SFR Group Buy in KC Metro! [Code: 2204-2416]

Posted by Powered by Simply Do It on June 26, 2022
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After 15 Years (no mortgage)  
Original purchase price $1,470,000
Total investment (out of pocket) $408,900
15 yrs Project house value $2,656,392
Value (appreciation) Gain $1,186,392
15 yrs cash-flow generated $394,564
Total Gain $1,580,956
ROI (15 yrs) 387%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $109,091
Free & Clear cash flow (m) $9,091
  • Package of 6 Single Family homes as a bundle
  • Open to one investor or multiple investors who can close simultaneously
  • Gallery style kitchens, floor to ceiling brick fireplaces, master suites with vaulted ceilings and home theaters
  • Thermal windows, Pella doors and central heating & cooling
  • All homes are 3 bedroom ranch style properties.  Most have 2 bathrooms (one property has 3 bathrooms)
  • We have individual property analysis sheets available for all 6 properties individually if requested
  • Over $1400/mo. cash flow if purchased as package
  • Tenants must remain in place, units must be sold as a package
  • All appliances stay with home
  • Great A-rated school district

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

  • Built: 1988
  • Size: Approx 1,348 average sq ft for each property (ranges between 1347-1450)
  • Quiet residential street, Desirable community, A 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: Kansas City

            Team: Meredith/Elizabeth – email directly at kc1@simplydoit.net

            Code: 2204-2416

            Property Specifications 6 Per Door
             Bedrooms 18 3
             Bathrooms 12 2.0
             Square Feet 8082 1347
             Year Built 1988  
             Garage Size 12 2
             Schools Rating (on scale of A-F) A  
            Purchase Assumptions My Offer Per Door
            Offer used for analysis $1,470,000 $245,000
            Suggested offer (low) $1,470,000 $245,000
            Suggested offer (high) $1,525,000 $254,167
            Asking $1,475,000 $245,833
            Market Value (after improvements) $1,475,000  
            Improvements (lower) $6,000 $1,000
            Improvements (upper) $18,000 $3,000
            Closing Costs $14,700  
            Mortgage Costs $14,700 $2,450
            Other Fees At Closing $0 $0
            Total Cost  $1,511,400 $2,450

            Financial Assumptions Monthly Yearly
            Rent (upper) $10,410 $11,100 $133,200
            Rent (lower) $9,720 $116,640
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $1,172 $14,058
             Insurance $475 $5,700
             Repairs $450 $5,400
            Variable-Cost PM 7.2%  
            Property Management Fee $744 $8,932
             Leasing Fee 68% $292.8 $3,513
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $3,520 $42,243
             Total Expenses (Fixed + Mortgage) $9,271 $111,257
            .
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.2% 5.3% 6.4% 7.7%
             Net Cash Flow $85,186 $215,154 $394,564 $628,562
             Equity Increase $413,295 $920,895 $1,544,508 $2,310,881
             Total Gain $498,481 $1,136,050 $1,939,072 $2,939,443
                       
             Average Cash Flow/Year $17,037 $21,515 $26,304 $31,428
             Average Cash Flow/Month $1,420 $1,793 $2,192 $2,619
             Average Gain/Year $99,696 $113,605 $129,271 $146,972
             Average ROI 121.9% 277.8% 474.2% 718.9%
             Annual ROI 24.4% 27.8% 31.6% 35.9%
             Projected Property Value $1,794,563 $2,183,360 $2,656,392 $3,231,907

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 8,082 FAVORABLE
             Bedrooms   3 18 FAVORABLE
             Bathrooms   2 12 FAVORABLE
             Year Built   1970 1988 FAVORABLE
             Rent/Price (%)   0.75% 0.76% FAVORABLE
             Average Cash Flow (at year 5) $125 $1,420 FAVORABLE
             Average ROI (at year 5) 15% 24.4% FAVORABLE
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            Disclaimer

            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.

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