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Awesome Offer with Award Winning Schools [code: 7408]

Posted by Powered by Simply Do It on February 23, 2022
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  • Property has been on the market for over 41 days.  Great opportunity for negotiation! 
  • New flooring, lighting, faucets, and fresh paint
  • Over $230 per month cash flow
  • Award-Winning Great local school district
  • Close to Community Center & Pool, MetroLink, shops, and more
  • Fabulous, large fenced backyard with good size patio. Perfect for family entertaining
  • No (low) crime area
  • 2 car attached garage
  • 7,200 sq foot lot

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

  • Built: 1990
  • Size: 1,880 sq. feet
  • Quiet residential street, Desirable community, A-grade 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: Alicia email directly at stl2@simplydoit.net

Code: 7408

Property Specifications 1
 Bedrooms 4
 Bathrooms 3
 Square Feet 1880
 Year Built 1990
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $360,000
Suggested offer (low) $340,000
Suggested offer (high) $360,000
Asking $340,000
Market Value (after improvements) $365,000
Improvements (lower) $2,500
Improvements (upper) $5,000
Closing Costs $3,600
Mortgage Costs $3,600
Other Fees At Closing $350
Total Cost  $371,300

Financial Assumptions Monthly Yearly
Rent (upper) $2,350 $2,500 $30,000
Rent (lower) $2,200 $26,400
 Property Tax Rate (Approx.) 1.4%
 Property Taxes $350 $4,200
 Insurance $100 $1,200
 Repairs $100 $1,200
Variable-Cost PM 7.5%
Property Management Fee $176 $2,115
 Leasing Fee 75% $73.4 $881
 HOA $0 $0
 Vacancy Rate 4.0%
 Total Fixed Expenses $887 $10,640
 Total Expenses (Fixed + Mortgage) $2,176 $26,108

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.8% 3.7% 4.7% 5.8%
 Net Cash Flow $14,043 $37,598 $71,655 $117,305
 Equity Increase $104,870 $232,572 $388,078 $577,442
 Total Gain $118,913 $270,171 $459,733 $694,748
 Average Cash Flow/Year $2,809 $3,760 $4,777 $5,865
 Average Cash Flow/Month $234 $313 $398 $489
 Average Gain/Year $23,783 $27,017 $30,649 $34,737
 Average ROI 117.4% 266.7% 453.8% 685.8%
 Annual ROI 23.5% 26.7% 30.3% 34.3%
 Projected Property Value $444,078 $540,289 $657,344 $799,760

Property Ratings Suggestions
 Item  Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools B A FAVORABLE
 Square Feet 1000 1,880 FAVORABLE
 Bedrooms 3 4 FAVORABLE
 Bathrooms 2 3 FAVORABLE
 Year Built 1970 1990 FAVORABLE
 Rent/Price (%) 0.75% 0.69% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $234 FAVORABLE
 Average ROI (at year 5) 15% 23.5% 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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