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Avoid the Bidding War with these 2 New Builds! [code 12711 & 8801]

Posted by Powered by Simply Do It on February 14, 2022
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*Typically mortgages on new builds don't start until the construction is finished. 
  • 4 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood
  • 2 homes in the same neighborhood
  • Values have been increasing in this area, we've seen increases of $15k-$20k in the last 3 months. We anticipate these to be close to the $400's soon

  • No (low) crime area
  • Around $450/mo. cash flow for each property
  • Luxury vinyl plank flooring/carpet throughout
  • New Construction is a great way to get under contract now for a lower price and avoid the bidding wars
  •  2 car attached garage
  • A rated schools
  • Resort style amenities package includes: two-acre pond, pool with open-air clubhouse, playground, pavilion with grill and relaxing hammock garden
  • 4,800 square foot lot

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

  • Built: 2022
  • Size: 1,857  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/EJ – email directly at kc1@simplydoit.net

Code: 12711 and Code: 8801



Purchase Assumptions My Offer
Offer used for analysis $370,000
Suggested offer (low) $370,000
Suggested offer (high) $370,000
Asking $370,000
Market Value (after improvements) $375,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,700
Mortgage Costs $3,700
Other Fees At Closing $0
Total Cost  $379,400

Financial Assumptions Monthly Yearly
Rent (upper) $2,600 $2,700 $32,400
Rent (lower) $2,500 $30,000
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $325 $3,900
 Insurance $125 $1,500
 Repairs $50 $600
Variable-Cost PM 7.2%  
Property Management Fee $186 $2,231
 Leasing Fee 68% $73.1 $878
 HOA $63 $750
 Vacancy Rate 4.0%  
 Total Fixed Expenses $918 $11,017
 Total Expenses (Fixed + Mortgage) $2,223 $26,676

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 5.2% 6.3% 7.5% 8.7%
 Net Cash Flow $26,738 $64,409 $114,148 $177,214
 Equity Increase $108,263 $239,895 $399,938 $594,527
 Total Gain $135,002 $304,303 $514,086 $771,741
           
 Average Cash Flow/Year $5,348 $6,441 $7,610 $8,861
 Average Cash Flow/Month $446 $537 $634 $738
 Average Gain/Year $27,000 $30,430 $34,272 $38,587
 Average ROI 132.5% 298.6% 504.5% 757.4%
 Annual ROI 26.5% 29.9% 33.6% 37.9%
 Projected Property Value $456,245 $555,092 $675,354 $821,671


Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,857 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 2022 FAVORABLE
 Rent/Price (%)   0.75% 0.73% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $446 FAVORABLE
 Average ROI (at year 5) 15% 26.5% 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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