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Calling all Experienced Investors! [Code: 904]

Posted by Powered by Simply Do It on June 20, 2023
0

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Why THIS deal??
  • ~$530/mo. cash flow once you can refi to 5.0% 
  • Cash flows at ~$400 at today's rates of 6.5%
  • We already have an inspection and know the scope of work needing to be done
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Check out this video link for a walkthrough of this property! https://youtu.be/2k94yoAc5Ew
After 15 Years (no mortgage)
Original purchase price$190,000
Total investment (out of pocket)$95,950
15 yrs Project house value$414,217
Value (appreciation) Gain$224,217
15 yrs cash-flow generated$96,668
Total Gain$320,885
ROI (15 yrs)334%
ROI (annually)22%
  
Free & Clear cash flow (yr.)$18,921
Free & Clear cash flow (m)$1,577
  • 3 bedroom, 3 bath Single Family Home 
  • This opportunity is best suited for an experienced investor
  • Home has been on the market for 85 days, so seller should be open to negotiations
  • Great location with quick access to major commuting routes, shopping and schools and a strong rental market
  • Inspection and appraisal has already been done
  • B rated schools
  • No HOA charges


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

  • Built: 1963
  • Size: 1,412 square foot home
  • Low Crime, 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: St. Louis

Team: Nathan  – email directly at stl1@simplydoit.net

Code: 904

Property Specifications1
 Bedrooms3
 Bathrooms3
 Square Feet1412
 Year Built1963
 Garage Size0
 Schools Rating (on scale of A-C)B

Purchase AssumptionsMy Offer
Offer used for analysis$190,000
Suggested offer (low)$190,000
Suggested offer (high)$205,000
Asking$215,000
Market Value (after improvements)$230,000
Improvements (lower)$30,000
Improvements (upper)$35,000
Closing Costs$2,150
Mortgage Costs$2,150
Other Fees At Closing$2,150
Total Cost $228,950

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$57,000
 Financed Amount$133,000
 Interest Rate6.500%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$841
 Cash Outlay (Total Out of Pocket)$95,950

Financial AssumptionsMonthlyYearly
Rent (upper)$1,850$1,900$22,800
Rent (lower)$1,800$21,600
Property Tax Rate (Approx.)1.2% 
Property Taxes $180$2,160
Insurance $110$1,320
Repairs $100$1,200
Variable-Cost PM 7.5% 
Property Management Fee$139$1,665
Leasing Fee75%$57.8$694
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$655$7,860
 Total Expenses (Fixed + Mortgage)$1,496$17,948

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate5.0%5.9%6.7%7.6%
 Net Cash Flow$24,186$56,139$96,668$146,665
 Equity Increase$58,328$130,704$220,713$332,923
 Total Gain$82,514$186,843$317,381$479,588
      
 Average Cash Flow/Year$4,837$5,614$6,445$7,333
 Average Cash Flow/Month$403$468$537$611
 Average Gain/Year$16,503$18,684$21,159$23,979
 Average ROI86.0%194.7%330.8%499.8%
 Annual ROI17.2%19.5%22.1%25.0%
 Projected Property Value$279,830$340,456$414,217$503,958

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet  10001,412FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19701963INSUFFICIENT
 Rent/Price (%)  0.75%1.00%FAVORABLE
 Average Cash Flow (at year 5)  $125$403FAVORABLE
 Average ROI (at year 5)  15%17.2%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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