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Brand New Duplex in KC Metro [Code: 502 &506]

Posted by Powered by Simply Do It on May 30, 2022
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After 15 Years (no mortgage)  
Original purchase price $550,000
Total investment (out of pocket) $153,000
15 yrs Project house value $999,524
Value (appreciation) Gain $449,524
15 yrs cash-flow generated $61,632
Total Gain $511,155
ROI (15 yrs) 334%
ROI (annually) 22%
   
Free & Clear cash flow (yr.) $34,255
Free & Clear cash flow (m) $2,855

  • 3 bedroom, 2 bathroom duplex
  • Single story living
  • 1-year builder warranty
  • Around $100/mo. cash flow 
  • 1-car attached garage for each unit
  • Available for 7-year ARM financing at lower interest rate (we used 4.75% for analysis)
  • Quiet residential street
  • Growing community
  • Brand new build estimated to be completed on July 7th 2022 (Mortgage payments don't start until property is complete!)
  • Good A/B rated schools


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

  • Built: 2022
  • Size: 1,200  sq ft
  • Quiet residential street, Desirable community, A/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: Kansas City

            Team: Meredith – email directly at kc1@simplydoit.net

            Code: 502 & 506



            Property Specifications 2 Per Door
             Bedrooms 6 3
             Bathrooms 4 2.0
             Square Feet 2400 1200
             Year Built 2022  
             Garage Size 2 1
             Schools Rating (on scale of A-F) A/B  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $550,000 $275,000
            Suggested offer (low) $550,000 $275,000
            Suggested offer (high) $550,000 $275,000
            Asking $550,000 $275,000
            Market Value (after improvements) $555,000  
            Improvements (lower) $4,000 $2,000
            Improvements (upper) $5,000 $2,500
            Closing Costs $5,500 $2,750 
            Mortgage Costs $5,500 $2,750
            Other Fees At Closing $0 $0
            Total Cost  $565,500 $2,750

            Financial Assumptions Monthly Yearly
            Rent (upper) $3,375 $3,450 $41,400
            Rent (lower) $3,300 $39,600
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $340 $4,080
             Insurance $200 $2,400
             Repairs $60 $720
            Variable-Cost PM 7.2%  
            Property Management Fee $241 $2,896
             Leasing Fee 68% $94.9 $1,139
             HOA $150 $1,800
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,212 $14,539
             Total Expenses (Fixed + Mortgage) $3,363 $40,361

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 0.8% 1.7% 2.7% 3.7%
             Net Cash Flow $5,994 $26,050 $61,632 $114,354
             Equity Increase $155,312 $346,056 $580,385 $868,345
             Total Gain $161,307 $372,107 $642,016 $982,698
                       
             Average Cash Flow/Year $1,199 $2,605 $4,109 $5,718
             Average Cash Flow/Month $100 $217 $342 $476
             Average Gain/Year $32,261 $37,211 $42,801 $49,135
             Average ROI 105.4% 243.2% 419.6% 642.3%
             Annual ROI 21.1% 24.3% 28.0% 32.1%
             Projected Property Value $675,242 $821,536 $999,524 $1,216,073

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property
             Schools     B A/B
             Square Feet   1000 2,400
             Bedrooms   3 6
             Bathrooms   2 4
             Year Built   1970 2022
             Rent/Price (%)   0.75% 0.63%
             Average Cash Flow (at year 5) $125 $100
             Average ROI (at year 5) 15% 21.1%

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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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