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Another Awesome Find with Unfinished Basement for Added Opportunity!! [code: 356]

Posted by Powered by Simply Do It on February 22, 2022
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After 15 Years (no mortgage)  
Original purchase price $325,000
Total investment (out of pocket) $91,500
15 yrs Project house value $594,311
Value (appreciation) Gain $269,311
15 yrs cash-flow generated $65,709
Total Gain $335,021
ROI (15 yrs) 366%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $20,996
Free & Clear cash flow (m) $1,750
  • Property has been on the market for over 20 days.  Great opportunity for additional negotiation! 
  • Single story home
  • Over $215 per month cash flow
  • Good local school district
  • Covered patio with large yard
  • Unfinished basement with walk-out for extra add-on potential of square footage
  • No (low) crime area
  • 2 car attached garage
  • 0.26 acre lot

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

  • Built: 2018
  • Size: 1,576 sq. feet of livable space with an additional unfinished basement
  • Quiet residential street, Desirable community, good 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 stl1@simplydoit.net

Code: 356

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1576
 Year Built 2018
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $325,000
Suggested offer (low) $325,000
Suggested offer (high) $330,000
Asking $340,000
Market Value (after improvements) $330,000
Improvements (lower) $2,500
Improvements (upper) $5,000
Closing Costs $3,250
Mortgage Costs $3,250
Other Fees At Closing $0
Total Cost  $335,250

Financial Assumptions Monthly Yearly
Rent (upper) $2,150 $2,200 $26,400
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $315 $3,780
 Insurance $115 $1,380
 Repairs $75 $900
Variable-Cost PM 7.5%  
Property Management Fee $161 $1,935
 Leasing Fee 75% $67.2 $806
 HOA $11 $132
 Vacancy Rate 4.0%  
 Total Fixed Expenses $824 $9,888
 Total Expenses (Fixed + Mortgage) $1,988 $23,852

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.8% 3.8% 4.8% 5.9%
 Net Cash Flow $12,985 $34,590 $65,709 $107,335
 Equity Increase $94,780 $210,195 $350,738 $521,882
 Total Gain $107,765 $244,784 $416,448 $629,217
           
 Average Cash Flow/Year $2,597 $3,459 $4,381 $5,367
 Average Cash Flow/Month $216 $288 $365 $447
 Average Gain/Year $21,553 $24,478 $27,763 $31,461
 Average ROI 117.8% 267.5% 455.1% 687.7%
 Annual ROI 23.6% 26.8% 30.3% 34.4%
 Projected Property Value $401,495 $488,481 $594,311 $723,071

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,576 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2018 FAVORABLE
 Rent/Price (%)   0.75% 0.68% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $216 FAVORABLE
 Average ROI (at year 5) 15% 23.6% 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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