Advanced Search
Your search results

Charming 3 bedroom rental in St. Louis [code: 1404]

Posted by Powered by Simply Do It on February 22, 2022
0
image.png
image.png
  • Property has been on the market for over 35 days.  Great opportunity for negotiation! 
  • Finished basement with small kitchen area
  • Over $230 per month cash flow
  • Good local school district
  • Single story home
  • Granite countertops
  • No (low) crime area
  • 2 car attached garage
  • 9,148. sq foot lot

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

  • Built: 2006
  • Size: 1,700 sq. feet of livable space with an additional 300 sq. feet of storage in the basement
  • 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: St. Louis

Team: Nathan email directly at stl1@simplydoit.net

Code: 1404

Property Specifications 1
 Bedrooms 3
 Bathrooms 3
 Square Feet 1700
 Year Built 2006
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $300,000
Suggested offer (low) $295,000
Suggested offer (high) $307,000
Asking $309,000
Market Value (after improvements) $303,000
Improvements (lower) $2,500
Improvements (upper) $5,000
Closing Costs $3,000
Mortgage Costs $3,000
Other Fees At Closing $0
Total Cost  $309,750

Financial Assumptions Monthly Yearly
Rent (upper) $2,100 $2,200 $26,400
Rent (lower) $2,000 $24,000
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $300 $3,600
 Insurance $115 $1,380
 Repairs $100 $1,200
Variable-Cost PM 7.5%  
Property Management Fee $158 $1,890
 Leasing Fee 75% $65.6 $788
 HOA $27 $324
 Vacancy Rate 4.0%  
 Total Fixed Expenses $843 $10,114
 Total Expenses (Fixed + Mortgage) $1,917 $23,004

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.3% 4.3% 5.3% 6.4%
 Net Cash Flow $14,058 $36,286 $67,537 $108,748
 Equity Increase $87,139 $193,251 $322,466 $479,815
 Total Gain $101,197 $229,537 $390,003 $588,563
           
 Average Cash Flow/Year $2,812 $3,629 $4,502 $5,437
 Average Cash Flow/Month $234 $302 $375 $453
 Average Gain/Year $20,239 $22,954 $26,000 $29,428
 Average ROI 119.4% 270.8% 460.2% 694.5%
 Annual ROI 23.9% 27.1% 30.7% 34.7%
 Projected Property Value $368,646 $448,514 $545,686 $663,910

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,700 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 2006 FAVORABLE
 Rent/Price (%)   0.75% 0.73% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $234 FAVORABLE
 Average ROI (at year 5) 15% 23.9% FAVORABLE

image.png

image.png

image.png

image.png

image.png

image.png

image.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