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[Code: 216]

Posted by Powered by Simply Do It on June 4, 2024
Why THIS deal??
  • ~$302/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$204/mo. at today's rates of 6.99%
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  • Single Family Home with 3 bedrooms and 2 full bathrooms
  • Large plot. 4 lots of land on a corner location! 
  • Fully fenced backyard
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 80 days so there could be room for negotiations
  • Good schools
  • Some cosmetic updates have already been done for you! 
  • No HOA charges
  • #cashflow  #appreciation

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

  • Built: 1968
  • Size:1,423 square foot home
  • Low Crime, Desirable Community, A/B 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:  Chris – email directly at

Code: 216

Property Specifications1
 Square Feet1423
 Year Built1968
 Garage Size1
 Schools Rating (scale 3-30, 30 is best)19
Lot size (sq ft)               13,939

Purchase AssumptionsMy Offer
Offer used for analysis$215,000
Suggested offer (low)$215,000
Suggested offer (high)$225,000
Market Value (after improvements)$230,000
Estimated Improvements (lower)$6,500
Estimated Improvements (upper)$8,500
Estimated Closing Costs$2,150
Estimated Mortgage Costs$1,731
Other Fees At Closing (pts, . . . )$1,505
Total Cost (estimated)$227,886

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$64,500
 Financed Amount$150,500
 Interest Rate 6.990%
 Mortgage Term (Years)30
 Monthly Mortgage Payment57.2%$1,000
 Cash Outlay (Total Out of Pocket) $77,386

Estimated Financial Assumptions
Rent (upper)*$1,750$1,800$21,600
Rent (lower)*$1,700$20,400
Property Taxes $175$2,100
Insurance $125$1,500
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$125$1,502
Leasing Fee68%$49.2$591
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses35.7%$624$7,492
Total Expenses (Fixed + Mortgage)$1,625$19,495

Financial Analysis / Deal Attractiveness   
 Cap Rate3.2%4.8%6.7%8.8%
 Net Cash Flow$12,247$37,500$77,987$136,306
 Equity Increase$58,677$131,839$223,362$338,270
 Total Gain$70,924$169,339$301,349$474,576
 Average Cash Flow/Year$2,449$3,750$5,199$6,815
 Average Cash Flow/Month$204$313$433$568
 Average Gain/Year$14,185$16,934$20,090$23,729
 Average ROI91.7%218.8%389.4%613.3%
 Annual ROI18.3%21.9%26.0%30.7%
 Projected Property Value$279,830$340,456$414,217$503,958

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Schools (scale of 3-30, 30 is the best) 1419FAVORABLE
 Square Feet  1,0001,423FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701968INSUFFICIENT
 Average Cash Flow (at year 5)  $125$204FAVORABLE
 Average ROI (at year 5)  15%18.3%FAVORABLE







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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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