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A Virtual Tour of Your Future Investment! Video included! [Code: 3201]

Posted by Powered by Simply Do It on July 2, 2024
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Why THIS deal??
  • ~$268/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$188/mo. at today's rates of 6.75%

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  • Single Family Home with 3 bedrooms and 1.5 full bathrooms
  • No price drops since the original listing date
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 95 days so there could be room for negotiations
  • Good schools
  • Home has all new paint and updated kitchen and bathrooms 
  • There will be some minor plumbing and cosmetic work that will need to be done
  • No HOA charges
  • #cashflow  #appreciation 

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

  • Built: 1972
  • Size:2,028 square foot home
  • Low Crime, Desirable Community, A/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: Kansas City

Team: Chris  – email directly at kc3@simplydoit.net

Code: 3201

Property Specifications1
 Bedrooms3
 Bathrooms1.5
 Square Feet2028
 Year Built1972
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)19
Lot size (sq ft)               10,572

Purchase AssumptionsMy Offer
Offer used for analysis$235,000
Suggested offer (low)$235,000
Suggested offer (high)$249,000
Asking$249,000
Market Value (after improvements)$250,000
Estimated Improvements (lower)$2,000
Estimated Improvements (upper)$4,000
Estimated Closing Costs$2,350
Estimated Mortgage Costs$1,892
Other Fees At Closing (pts, . . . )$1,645
Total Cost (estimated)$243,887

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$70,500
 Financed Amount$164,500
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,067
 Cash Outlay (Total Out of Pocket) $79,387

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
$1,925$2,000$24,000
Rent (lower)*$1,850$22,200
    
Property Taxes $241$2,892
Insurance $150$1,800
Repairs75$100$1,200
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$138$1,652
Leasing Fee68%$54.1$650
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses39.2%$754$9,051
Total Expenses (Fixed + Mortgage)$1,821$21,855

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate2.8%4.6%6.5%8.7%
 Net Cash Flow$11,257$36,383$77,781$138,260
 Equity Increase$64,237$144,240$244,164$369,359
 Total Gain$75,495$180,623$321,945$507,619
      
 Average Cash Flow/Year$2,251$3,638$5,185$6,913
 Average Cash Flow/Month$188$303$432$576
 Average Gain/Year$15,099$18,062$21,463$25,381
 Average ROI95.1%227.5%405.5%639.4%
 Annual ROI19.0%22.8%27.0%32.0%
 Projected Property Value$304,163$370,061$450,236$547,781

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1419FAVORABLE
 Square Feet  1,0002,028FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  21.5INSUFFICIENT
 Year Built  19701972FAVORABLE
 Average Cash Flow (at year 5)  $125$188FAVORABLE
 Average ROI (at year 5)  15%19.0%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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