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Awesome Off-Market multi-plex unit [Code: 314]

Posted by Powered by Simply Do It on April 29, 2022
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After 15 Years (no mortgage)  
Original purchase price $270,000
Total investment (out of pocket) $112,900
15 yrs Project house value $522,274
Value (appreciation) Gain $252,274
15 yrs cash-flow generated $92,608
Total Gain $344,882
ROI (15 yrs) 305%
ROI (annually) 20%
   
Free & Clear cash flow (yr.) $22,423
Free & Clear cash flow (m) $1,869
  • 8 bedroom 4 bathroom 4-plex multi-unit brick property 
  • Details and additional pictures pending
  • Off Market Opportunity
  • ~ $350/mo. cash flow 
  • Fenced common-use yard
  • Budget for updates included in figures to maximize rental income
  • Prime family location with restaurants/shopping/activities nearby
  • Good School District

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

  • Built: 1984
  • Quiet residential street, Desirable community, 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 stl1@simplydoit.net

            Code: 314


            Property Specifications 4 Per Door
             Bedrooms 8 2
             Bathrooms 4 1.0
             Square Feet   0
             Year Built 1986  
             Garage Size 0  
             Schools Rating (on scale of A-F) B  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $270,000 $67,500
            Suggested offer (low) $270,000 $67,500
            Suggested offer (high) $280,000 $70,000
            Asking $270,000 $67,500
            Market Value (after improvements) $290,000  
            Improvements (lower) $30,000 $7,500
            Improvements (upper) $50,000 $12,500
            Closing Costs $2,700  
            Mortgage Costs $2,700 $675
            Other Fees At Closing $0 $0
            Total Cost  $315,400 $675

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,823 $3,200 $38,400
            Rent (lower) $2,445 $29,340
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $275 $3,300
             Insurance $115 $1,380
             Repairs $300 $3,600
            Variable-Cost PM 7.5%  
            Property Management Fee $212 $2,540
             Leasing Fee 75% $88.2 $1,058
            utilities: water, trash, sewer $312 $3,744
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,406 $16,876
             Total Expenses (Fixed + Mortgage) $2,525 $30,294


            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.8% 4.6% 5.5% 6.4%
             Net Cash Flow $21,345 $51,895 $92,608 $144,541
             Equity Increase $78,726 $175,825 $295,671 $443,703
             Total Gain $100,072 $227,721 $388,279 $588,244
                       
             Average Cash Flow/Year $4,269 $5,190 $6,174 $7,227
             Average Cash Flow/Month $356 $432 $514 $602
             Average Gain/Year $20,014 $22,772 $25,885 $29,412
             Average ROI 88.6% 201.7% 343.9% 521.0%
             Annual ROI 17.7% 20.2% 22.9% 26.1%
             Projected Property Value $352,829 $429,271 $522,274 $635,426


            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 0 INSUFFICIENT
             Bedrooms   3 8 FAVORABLE
             Bathrooms   2 4 FAVORABLE
             Year Built   1970 1986 FAVORABLE
             Rent/Price (%)   0.75% 1.19% FAVORABLE
             Average Cash Flow (at year 5) $125 $356 FAVORABLE
             Average ROI (at year 5) 15% 17.7% 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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