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Brand New Duplex with AMAZING cash flow! [Code 1224-1226]

Posted by Powered by Simply Do It on September 6, 2022
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Why THIS deal??
  • ~ $480/mo. cash flow 
  • Duplex.  Buy two houses for the price of one! 
  • Never lived in brand new build
  • Almost 70 days on the market.  Great Negotiation tool
  • Highly appreciating neighborhood
  • Little to no improvements needed to make this lease-ready
  • Price recently reduced by $10K
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After 15 Years (no mortgage)
Original purchase price $510,000
Total investment (out of pocket) $140,800
15 yrs Project house value $900,472
Value (appreciation) Gain $390,472
15 yrs cash-flow generated $138,788
Total Gain $529,260
ROI (15 yrs) $4
ROI (annually) $0
   
Free & Clear cash flow (yr.) $40,830
Free & Clear cash flow (m) $3,402

  • Duplex with each unit having 3 bedrooms and 2.5 baths
  • Priced right at $255K for each unit
  • ~ $480/mo. cash flow 
  • LVP flooring and carpet throughout
  • Easy Highway access.  Great for commuters! 
  • Great school district
  • Attached 1-car garage for each unit
  • All of the units have scenic wooded backyard views that create for a quiet family environment
  • Modern open concept floor plan
  • Fully finished basement
  • 2,300 square foot lot


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

  • Built: 2020
  • Size: 3,600 square foot duplex  (each unit is 1800 square feet)
  • Low Crime, 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/Elizabeth – email directly at kc1@simplydoit.net

Code: 1224-1226




Purchase Assumptions My Offer Per Door
Offer used for analysis $510,000 $255,000
Suggested offer (low) $510,000 $255,000
Suggested offer (high) $550,000 $275,000
Asking $520,000 $260,000
Market Value (after improvements) $500,000  
Improvements (lower) $2,000 $1,000
Improvements (upper) $4,000 $2,000
Closing Costs $5,200  
Mortgage Costs $5,100 $2,550
Other Fees At Closing $0 $0
Total Cost  $523,300 $2,550

Financial Assumptions Monthly Yearly
Rent (upper) $3,885 $3,920 $47,040
Rent (lower) $3,850 $46,200
Property Tax Rate (Approx.) 1.4%  
Property Taxes   $340 $4,080
Insurance   $220 $2,640
Repairs   $100 $1,200
Variable-Cost PM   7.2%  
Property Management Fee $278 $3,333
Leasing Fee 68% $109.3 $1,311
HOA   $115 $1,380
Vacancy Rate   4.0%  
Total Fixed Expenses $1,306 $15,676
 Total Expenses (Fixed + Mortgage) $3,508 $42,099

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.1% 5.3% 6.6% 7.9%
 Net Cash Flow $28,921 $74,602 $138,788 $223,406
 Equity Increase $136,584 $305,789 $515,667 $776,327
 Total Gain $165,504 $380,391 $654,455 $999,733
           
 Average Cash Flow/Year $5,784 $7,460 $9,253 $11,170
 Average Cash Flow/Month $482 $622 $771 $931
 Average Gain/Year $33,101 $38,039 $43,630 $49,987
 Average ROI 117.5% 270.2% 464.8% 710.0%
 Annual ROI 23.5% 27.0% 31.0% 35.5%
 Projected Property Value $608,326 $740,122 $900,472 $1,095,562

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet     1000 3,600 FAVORABLE
 Bedrooms     3 6 FAVORABLE
 Bathrooms     2 5 FAVORABLE
 Year Built     1970 2020 FAVORABLE
 Rent/Price (%)     0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5)     $125 $482 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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