Advanced Search
Your search results

Awesome rented Off-Market find in DFW! [code: 813]

Posted by Powered by Simply Do It on March 26, 2022
0
sdi_logo (002).png
image.jpeg
image.png
Link to more details video by Dani: https://youtu.be/UdXnvG3LWzM
This Property In 15 Years Snapshot (no mortgage) Projection  
Original purchase price $230,000
Total investment (out of pocket) $67,600
15 yrs Project house value $456,719
Value (appreciation) Gain $226,719
15 yrs cash-flow generated $43,647
Total Gain $270,367
ROI (15 yrs) 400%
ROI (annually) 27%
   
Free & Clear cash flow (yr.) $15,689
Free & Clear cash flow (m) $1,307
  • Tenant occupied since June 2020 and has lease until May 2022 at current rent of $1,580
  • Market rent is estimated at $1,725-$1,825 (Current rent is $1,580)
  • Due to the possible sale, no one has yet spoken to the tenant about their intention to extend the lease or not.
  • Owner has had no issues renting in this area to families since originally purchased in 2017
  • Great area for appreciation!
  • No (low) crime area
  • Over ~$130/mo. cash flow + approx. $15k in equity 
  • 2 car attached garage
  • Fully fenced back yard. Perfect for families and pets! 
  • 7,144 square foot lot
  • THIS IS AN OFF MARKET DEAL. SELLER IS ANOTHER SIMPLY DO IT INVESTOR WHO AGREED TO 230K
  • Price assumes 1 agent (save on fees) in this transaction BUT another agent can be added (for a fee)
  • CASHFLOW ATTENTION: $130/mo takes into consideration leasing fee and vacancy, if the tenant stays/extends cash flow would be higher. 

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

  • Built: 1979
  • Size: 7,144 sq. foot lot
  • Quiet residential street, Desirable community

            What's next?

            Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

            Metro: Dallas

            Team: Dani – email directly at dani@simplydoit.net

            Code: 813

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1399
             Year Built 1979
             Garage Size 2
             Schools Rating (on scale of A-F) C

            Purchase Assumptions My Offer
            Offer used for analysis $230,000
            Suggested offer (low) $230,000
            Suggested offer (high) $245,000
            Asking $250,000
            Market Value (after improvements) $253,600
            Improvements (lower) $3,500
            Improvements (upper) $7,500
            Closing Costs $2,300
            Mortgage Costs $2,300
            Other Fees At Closing $0
            Total Cost  $240,100

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,775 $1,825 $21,900
            Rent (lower) $1,725 $20,700
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $368 $4,416
             Insurance $115 $1,380
             Repairs $75 $900
            Variable-Cost PM 0.0%  
            Property Management Fee $100 $1,200
             Leasing Fee 80% $59.2 $710
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $784 $9,410
             Total Expenses (Fixed + Mortgage) $1,684 $20,208

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.3% 3.3% 4.3% 5.4%
             Net Cash Flow $7,886 $22,211 $43,647 $72,934
             Equity Increase $69,609 $155,044 $259,933 $388,744
             Total Gain $77,494 $177,255 $303,580 $461,678
                       
             Average Cash Flow/Year $1,577 $2,221 $2,910 $3,647
             Average Cash Flow/Month $131 $185 $242 $304
             Average Gain/Year $15,499 $17,725 $20,239 $23,084
             Average ROI 114.6% 262.2% 449.1% 683.0%
             Annual ROI 22.9% 26.2% 29.9% 34.1%
             Projected Property Value $308,543 $375,390 $456,719 $555,669

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B C INSUFFICIENT
             Square Feet   1000 1,399 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 1979 FAVORABLE
             Rent/Price (%)   0.75% 0.79% FAVORABLE
             Average Cash Flow (at year 5) $125 $131 FAVORABLE
             Average ROI (at year 5) 15% 22.9% FAVORABLE
            Photos are few years old (not recent photos)
            ef9b7ebad0b9a792995aaeb3af5e63afl-f2005809702x.jpg

            ef9b7ebad0b9a792995aaeb3af5e63afl-f73257297x.jpg
            ef9b7ebad0b9a792995aaeb3af5e63afl-f275139821x.jpg

            ef9b7ebad0b9a792995aaeb3af5e63afl-f2116172976x.jpg

            ef9b7ebad0b9a792995aaeb3af5e63afl-f3225142617x.jpg
            ef9b7ebad0b9a792995aaeb3af5e63afl-f3972068739x.jpg

            sdi_logo (002).png

            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. 

            Compare Listings