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Anxious seller=$$ in your pocket! [Code: 1406]

Posted by Powered by Simply Do It on June 10, 2022
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After 15 Years (no mortgage)  
Original purchase price $300,000
Total investment (out of pocket) $86,500
15 yrs Project house value $612,321
Value (appreciation) Gain $312,321
15 yrs cash-flow generated $108,203
Total Gain $420,523
ROI (15 yrs) 486%
ROI (annually) 32%
   
Free & Clear cash flow (yr.) $24,375
Free & Clear cash flow (m) $2,031
  • 4 bedroom, 3 bathroom single family property 
  • Sellers agent called our agents wanting specifically to work with our investors! 
  • Around $425/mo. cash flow 
  • 3-car attached garage
  • Quiet residential street with plenty of space between neighbors
  • Located at the end of a cul-de-sac.  Perfect for families
  • Highly appreciating neighborhood
  • Improvement costs include: pool removal and deck fencing
  • Basement is non-conforming and therefore not included in square footage.  Value-add opportunity! 
  • Price reduced TODAY by $10k
  • Not in a flood zone
  • A rated schools


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

  • Built: 2000
  • Size: 9,764 sq ft
  • Quiet residential street, 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 – email directly at kc1@simplydoit.net

            Code: 1406


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 1977
             Year Built 2000
             Garage Size 3
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $300,000
            Suggested offer (low) $300,000
            Suggested offer (high) $345,000
            Asking $324,900
            Market Value (after improvements) $340,000
            Improvements (lower) $5,000
            Improvements (upper) $6,000
            Closing Costs $3,000
            Mortgage Costs $3,000
            Other Fees At Closing $0
            Total Cost  $311,500

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,295 $2,395 $28,740
            Rent (lower) $2,195 $26,340
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $267 $3,200
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 7.2%  
            Property Management Fee $164 $1,969
             Leasing Fee 68% $64.5 $775
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $756 $9,067
             Total Expenses (Fixed + Mortgage) $1,929 $23,151

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.9% 7.1% 8.3% 9.7%
             Net Cash Flow $25,714 $61,435 $108,203 $167,168
             Equity Increase $92,791 $206,658 $346,427 $518,039
             Total Gain $118,506 $268,093 $454,630 $685,207
                       
             Average Cash Flow/Year $5,143 $6,143 $7,214 $8,358
             Average Cash Flow/Month $429 $512 $601 $697
             Average Gain/Year $23,701 $26,809 $30,309 $34,260
             Average ROI 137.0% 309.9% 525.6% 792.1%
             Annual ROI 27.4% 31.0% 35.0% 39.6%
             Projected Property Value $413,662 $503,283 $612,321 $744,982

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,977 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 2000 FAVORABLE
             Rent/Price (%)   0.75% 0.80% FAVORABLE
             Average Cash Flow (at year 5) $125 $429 FAVORABLE
             Average ROI (at year 5) 15% 27.4% FAVORABLE

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            image.png*Basement isn't included in the square footage and is not required to be finished

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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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