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Brand New Duplex with Good Cash Flow! [code KS duplex]

Posted by Powered by Simply Do It on February 22, 2022
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*Video attached is from previous build with the same builder with similar style
  • 6 bedroom 4 bath brand new build (for Full duplex)
  • 3 bedroom 2 bath brand new build  (for 1/2 duplex)
  • You can purchase either a 1/2 or Full Duplex depending on your preference
  • Highly sought after neighborhood
  • There is a lot of growth headed toward this area
  • $275k for 1/2 duplex and a discounted price of $550k for a full duplex
  • No (low) crime area
  • Over $350/mo. cash flow (for Full duplex)
  • Hard flooring/carpet throughout
  • Modern open floor plan concept
  • Attached 1-car garage
      Why we love this property:

    • Built: 2022 
    • Size: 1,200  sq ft
    • Quiet residential street, Desirable community, good 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/EJ – email directly at kc1@simplydoit.net

    Code: KS Dup

    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) 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  
    Mortgage Costs $5,500 $2,750
    Other Fees At Closing $0 $0
    Total Cost  $565,500 $2,750

    Financial Assumptions Monthly Yearly
    Rent (upper) $3,500 $3,600 $43,200
    Rent (lower) $3,400 $40,800
     Property Tax Rate (Approx.) 1.4%  
     Property Taxes $340 $4,080
     Insurance $200 $2,400
     Repairs $100 $1,200
    Variable-Cost PM 7.2%  
    Property Management Fee $250 $3,003
     Leasing Fee 68% $98.4 $1,181
     HOA $150 $1,800
     Vacancy Rate 4.0%  
     Total Fixed Expenses $1,269 $15,224
     Total Expenses (Fixed + Mortgage) $3,238 $38,856

    Financial Analysis / Deal Attractiveness        
    Years: 5 10 15 20
     Cap Rate 2.8% 3.7% 4.7% 5.8%
     Net Cash Flow $21,182 $56,868 $108,565 $177,942
     Equity Increase $159,646 $354,052 $590,785 $879,062
     Total Gain $180,829 $410,920 $699,350 $1,057,004
               
     Average Cash Flow/Year $4,236 $5,687 $7,238 $8,897
     Average Cash Flow/Month $353 $474 $603 $741
     Average Gain/Year $36,166 $41,092 $46,623 $52,850
     Average ROI 118.2% 268.6% 457.1% 690.9%
     Annual ROI 23.6% 26.9% 30.5% 34.5%
     Projected Property Value $675,242 $821,536 $999,524 $1,216,073

    Property Ratings Suggestions
     Item      Suggested Criteria (Min.) This Property FAVORABLE /
    INSUFFICIENT
     Schools     B B FAVORABLE
     Square Feet   1000 2,400 FAVORABLE
     Bedrooms   3 6 FAVORABLE
     Bathrooms   2 4 FAVORABLE
     Year Built   1970 2022 FAVORABLE
     Rent/Price (%)   0.75% 0.65% INSUFFICIENT
     Average Cash Flow (at year 5) $125 $353 FAVORABLE
     Average ROI (at year 5) 15% 23.6% 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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