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Adorable Cash Flowing Opportunity in KC Metro! [Code: 14]

Posted by Powered by Simply Do It on November 26, 2022
0
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Why THIS deal??
  • ~$445/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$235 at today's rates of 6.5%
  • Vacant and lease-ready
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After 15 Years (no mortgage)
Original purchase price $210,000
Total investment (out of pocket) $72,300
15 yrs Project house value $405,212
Value (appreciation) Gain $195,212
15 yrs cash-flow generated $64,801
Total Gain $260,013
ROI (15 yrs) 360%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $17,705
Free & Clear cash flow (m) $1,475
  • 3 bedroom, 1.5 bath Single Family Home 
  • Great location with quick access to major commuting routes, shopping and schools
  • Little to no work to be done in order to become lease-ready
  • Finished basement with fireplace and bathroom
  • Located at the end of a quiet cul-de-sac street
  • A rated schools
  • Attached 2-car garage
  • 0.25 Acre lot


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

  • Built: 1972 (updated in 1981)
  • Size: 1,632 square foot home
  • Low Crime, 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: 14

Property Specifications 1 Per Door
 Bedrooms 3  
 Bathrooms 1.5  
 Square Feet 1632  
 Year Built 1972 updated 1981
 Garage Size 2  
 Schools Rating (on scale of A-C) A  

Purchase Assumptions My Offer
Offer used for analysis $210,000
Suggested offer (low) $210,000
Suggested offer (high) $225,000
Asking $210,000
Market Value (after improvements) $225,000
Improvements (lower) $2,000
Improvements (upper) $4,000
Closing Costs $2,100
Mortgage Costs $2,100
Other Fees At Closing $2,100
Total Cost  $219,300

Financing Assumptions  
 Down Payment (%) 30%
 Down Payment Amount $63,000
 Financed Amount $147,000
 Interest Rate  (7/6 ARM) 6.500%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $929
 Cash Outlay (Total Out of Pocket) $72,300

Financial Assumptions Monthly Yearly
Rent (upper) $1,750 $1,800 $21,600
Rent (lower) $1,700 $20,400
Property Tax Rate (Approx.) 1.4%  
Property Taxes   $210 $2,520
Insurance   $110 $1,320
Repairs   $75 $900
Variable-Cost PM   7.0%  
Property Management Fee $123 $1,470
Leasing Fee 68% $49.2 $591
HOA   $0 $200
Vacancy Rate   4.0%  
Total Fixed Expenses $632 $7,582
 Total Expenses (Fixed + Mortgage) $1,561 $18,732

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.9% 4.9% 6.0% 7.1%
 Net Cash Flow $14,080 $35,428 $64,801 $103,033
 Equity Increase $58,139 $130,434 $220,550 $333,175
 Total Gain $72,219 $165,863 $285,351 $436,208
           
 Average Cash Flow/Year $2,816 $3,543 $4,320 $5,152
 Average Cash Flow/Month $235 $295 $360 $429
 Average Gain/Year $14,444 $16,586 $19,023 $21,810
 Average ROI 99.9% 229.4% 394.7% 603.3%
 Annual ROI 20.0% 22.9% 26.3% 30.2%
 Projected Property Value $273,747 $333,055 $405,212 $493,003
Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet     1000 1,632 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 1.5 INSUFFICIENT
 Year Built     1970 1972 FAVORABLE
 Rent/Price (%)     0.75% 0.86% FAVORABLE
 Average Cash Flow (at year 5)     $125 $235 FAVORABLE
 Average ROI (at year 5)     15% 20.0% 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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