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Absolutely Gorgeous St. Louis Duplex with Great Cash Flow [code: 5009]

Posted by Powered by Simply Do It on January 27, 2022
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  • Newly listed.  Do not miss this opportunity! 
  • Over $740/mo. cashflow
  • Gorgeous Duplex with a 3/2 and 2/2 unit
  • Each has a sunroom which is often used as a 3rd bedroom
  • Full remodel in 2018 with decorative upgrades throughout.  Little to no improvements needed
  • The ideal tenant would be Double Income/No Children
  • Located in the highly popular South Hampton neighborhood
  • 4 off-street parking spots
  • fully fenced backyard
  • No (low) crime area
  • Current owner is willing to help place new renters at $1400/$1500 for each unit
  • This opportunity is the equivalent of purchasing 2 properties at $165K each

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

  • Built: 1924
  • Size: 2,325+ sq ft 
  • Quiet residential street, Desirable community, Walkable score of 72
  • Turnkey property in wonderful condition

  

What's next?

Email/text Simply Do It or the Agent for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: St. Louis

Team: Alicia – email her directly: stl2@simplydoit.net

Code: 5009

Property Specifications 2 Per Door
 Bedrooms 5 2/3
 Bathrooms 2 1
 Square Feet 2328 1164
 Year Built 1924  
 Garage Size 0  
 Schools Rating (on scale of 0-10) C  
Replacement Cost ($/SqFt) $100  

Purchase Assumptions My Offer Per Door
Asking $325,000 $162,500
Suggested offer (low) $325,000 $162,500
Suggested offer (high) $325,000 $162,500
Suggested offer (options) $325,000 $162,500
Land Value (%) 15%  
Building Value (%) 85%  
 Market Value (after improvements) $325,000 $162,500
 Improvements (lower) $2,000  
 Improvements (upper) $3,000 $2,500
 Closing Costs $3,250  
 Mortgage Costs $3,250  
 Other Fees At Closing $0  
 Total Cost  $334,000  

Financial Assumptions Monthly Yearly
Rent (upper) $2,775 $2,900 $34,800
Rent (lower) $2,650 $31,800
 Property Tax Rate (Approx.) 0.60%  
 Property Taxes $350 $4,200
 Insurance $140 $1,680
 Repairs $100 $1,200
Variable-Cost PM 7.5%  
Property Management Fee $208 $2,498
 Leasing Fee 75% $86.7 $1,041
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $988 $11,850
 Total Expenses (Fixed + Mortgage) $2,103 $25,231

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 9.9% 11.2% 12.6% 14.0%
 Net Cash Flow $44,722 $101,062 $170,230 $253,559
 Equity Increase $94,967 $210,096 $349,675 $518,901
 Total Gain $139,689 $311,158 $519,905 $772,460
           
 Average Cash Flow/Year $8,944 $10,106 $11,349 $12,678
 Average Cash Flow/Month $745 $842 $946 $1,056
 Average Gain/Year $27,938 $31,116 $34,660 $38,623
 Average ROI 154.8% 344.8% 576.1% 855.9%
 Annual ROI 31.0% 34.5% 38.4% 42.8%
 Projected Property Value $395,412 $481,079 $585,307 $712,115

Property Ratings Suggestions
 Item      My Criteria (Min.) This Property FAVORABLE/INSUFFICIENT
 Schools     B C INSUFFICIENT
 Square Feet   1000 2,328 FAVORABLE
 Bedrooms   3 5 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1924 INSUFFICIENT
 Rent/Price (%)   0.75% 0.89% FAVORABLE
 Average Cash Flow (at year 5) $125 $745 FAVORABLE
 Average ROI (at year 5) 15% 31.0% FAVORABLE
Cash Flow vs Out-of -Pocket 0.2% 0.8% 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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