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Charming St. Louis 3-bedroom [code:12023]

Posted by Powered by Simply Do It on January 7, 2022
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  • Highly desired subdivision with very stable rent market
  • ~$3000 per year cash flow
  • Sits on a quiet residential street
  • No (low) crime area
  • 8,200+ sq. foot lot
  • Open floor plan with fireplace in the lower level family room (currently being used as a bedroom)
  • Large fenced backyard
  • Large updated kitchen

  

St. Louis

  • # of fortune 500 companies: 8
  • # of fortune 1000 companies: 6 
    • Known companies HQ: Anheuser-Busch, Energizer Holdings, Enterprise Holdings, Nestlé Purina PetCare, Panera Bread

 

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

  • Built: 1968
  • Size: 1550 sq ft on an 8,200+ sq. foot lot
  • Quiet street, desirable community, good local schools
  • Low crime

Metro: St. Louis

Team: Nathan

Code: 12023


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1550
 Year Built 1968
 Garage Size 1
 Schools Rating (on scale of A-F) B

 

Purchase Assumptions My Offer
Offer used for analysis $220,000
Suggested offer (low) $215,000
Suggested offer (high) $220,000
Asking $224,900
Market Value (after improvements) $224,900
Improvements (lower) $2,500
Improvements (upper) $5,500
Closing Costs $2,200
Mortgage Costs $2,200
Other Fees At Closing $0
Total Cost  $228,400
Financial Assumptions Monthly Yearly
Rent (upper) $1,625 $1,700 $20,400
Rent (lower) $1,550 $18,600
 Property Tax Rate (Approx.) 1.1%  
 Property Taxes $250 $3,000
 Insurance $115 $1,500
 Repairs $80 $960
Variable-Cost PM 7.5%  
Property Management Fee $122 $2,455
 Leasing Fee 75% $50.8 $609
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $678 $8,133
 Total Expenses (Fixed + Mortgage) $1,419 $17,024

 

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.6% 5.6% 6.6% 7.8%
 Net Cash Flow $14,697 $35,551 $63,202 $98,357
 Equity Increase $65,725 $145,253 $241,491 $357,959
 Total Gain $80,422 $180,804 $304,692 $456,316
           
 Average Cash Flow/Year $2,939 $3,555 $4,213 $4,918
 Average Cash Flow/Month $245 $296 $351 $410
 Average Gain/Year $16,084 $18,080 $20,313 $22,816
 Average ROI 126.8% 285.2% 480.6% 719.7%
 Annual ROI 25.4% 28.5% 32.0% 36.0%
 Projected Property Value $273,625 $332,907 $405,032 $492,784


Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,550 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1968 INSUFFICIENT
 Rent/Price (%)   0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5) $125 $245 FAVORABLE
 Average ROI (at year 5) 15% 25.4% FAVORABLE


What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.


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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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