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Amazing Find in St. Louis Metro. Don’t miss this one! [Code:4762]

Posted by Powered by Simply Do It on April 25, 2023
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Why THIS deal??
  • ~$381/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$152 at today's rates of 6.5%
  • Price reduced by $5K on 4/24/23.  Motivated Seller! 
After 15 Years (no mortgage)
Original purchase price$244,000
Total investment (out of pocket)$71,880
15 yrs Project house value$450,236
Value (appreciation) Gain$206,236
15 yrs cash-flow generated$52,668
Total Gain$258,903
ROI (15 yrs)360%
ROI (annually)24%
Free & Clear cash flow (yr.)$19,904
Free & Clear cash flow (m)$1,659
  • 3 bedroom, 2 bath Single Family Home 
  • Great location with quick access to major commuting routes, shopping and schools
  • There is a full, unfinished basement with a small crawl space area below the family room.  Great Value-add opportunity! 
  • The roof was replaced in 2019
  • New garage door was installed in 2020
  • Water heater and furnace were replaced in 2018
  • New landscaping, front and back, summer of 2022
  • A/B rated schools
  • No HOA charges
  • Fully fenced backyard.  Great for families and pets! 
  • Attached 2-car garage
  • 8,800 square foot lot with back patio and 

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

  • Built: 1971
  • Size: 1,441 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: St. Louis

Team: Nathan  – email directly at

Code: 4762

Property Specifications1
 Square Feet1441
 Year Built1971
 Garage Size2
 Schools Rating (on scale of A-C)A/B

Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$61,000
 Financed Amount$183,000
 Interest Rate  (5/6 ARM)6.500%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,157
 Cash Outlay (Total Out of Pocket)$71,880

Purchase AssumptionsMy Offer
Offer used for analysis$244,000
Suggested offer (low)$244,000
Suggested offer (high)$249,000
Market Value (after improvements)$250,000
Improvements (lower)$4,000
Improvements (upper)$8,000
Closing Costs$2,440
Mortgage Costs$2,440
Other Fees At Closing 
Total Cost $254,880

Financial AssumptionsMonthlyYearly
Rent (upper)$1,975$2,000$24,000
Rent (lower)$1,950$23,400
Property Tax Rate (Approx.)1.2% 
Property Taxes $250$3,000
Insurance $100$1,200
Repairs $85$1,020
Variable-Cost PM 7.5% 
Property Management Fee$148$1,778
Leasing Fee75%$61.7$741
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$718$8,615
 Total Expenses (Fixed + Mortgage)$1,875$22,495

Financial Analysis / Deal Attractiveness   
 Cap Rate2.5%3.7%4.9%6.2%
 Net Cash Flow$9,102$26,374$52,668$88,921
 Equity Increase$65,856$147,922$250,454$378,916
 Total Gain$74,957$174,296$303,122$467,837
 Average Cash Flow/Year$1,820$2,637$3,511$4,446
 Average Cash Flow/Month$152$220$293$371
 Average Gain/Year$14,991$17,430$20,208$23,392
 Average ROI104.3%242.5%421.7%650.9%
 Annual ROI20.9%24.2%28.1%32.5%
 Projected Property Value$304,163$370,061$450,236$547,781

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet  10001,441FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701971FAVORABLE
 Rent/Price (%)  0.75%0.82%FAVORABLE
 Average Cash Flow (at year 5)  $125$152FAVORABLE
 Average ROI (at year 5)  15%20.9%FAVORABLE







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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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