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Cozy 3 bedroom home with great ROI [Code: 1]

Posted by Powered by Simply Do It on February 18, 2022
0
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  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Around $350/mo. cash flow 
  • Tile flooring/carpet throughout
  • Adorable matching storage shed in the backyard
  • Oversized 2 car attached garage
  • A rated schools
  • Stainless Steel appliances and Refrigerator stays with the property
  • Large Corner Lot
  • 9,583 square foot lot with large deck and fenced yard

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

  • Built: 1991
  • Size: 1,312  sq ft
  • Quiet residential street, Desirable community, A 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: St. Louis

Team: Alicia/Jessica – email directly at stl2@simplydoit.net

Code: 1


Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1312
 Year Built 1991
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $250,000
Suggested offer (low) $230,000
Suggested offer (high) $250,000
Asking $230,000
Market Value (after improvements) $256,000
Improvements (lower) $3,000
Improvements (upper) $6,000
Closing Costs $2,500
Mortgage Costs $2,500
Other Fees At Closing $350
Total Cost  $259,850

Financial Assumptions Monthly Yearly
Rent (upper) $1,850 $2,000 $24,000
Rent (lower) $1,700 $20,400
 Property Tax Rate (Approx.) 1.4%
 Property Taxes $196 $2,350
 Insurance $100 $1,200
 Repairs $100 $1,200
Variable-Cost PM 7.5%
Property Management Fee $139 $1,665
 Leasing Fee 75% $57.8 $694
 HOA $0 $0
 Vacancy Rate 4.0%
 Total Fixed Expenses $661 $7,932
 Total Expenses (Fixed + Mortgage) $1,556 $18,674

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 5.7% 6.7% 7.9% 9.1%
 Net Cash Flow $20,541 $48,811 $85,612 $131,834
 Equity Increase $73,374 $162,724 $271,525 $404,015
 Total Gain $93,916 $211,534 $357,138 $535,850
 Average Cash Flow/Year $4,108 $4,881 $5,707 $6,592
 Average Cash Flow/Month $342 $407 $476 $549
 Average Gain/Year $18,783 $21,153 $23,809 $26,792
 Average ROI 129.8% 292.4% 493.6% 740.6%
 Annual ROI 26.0% 29.2% 32.9% 37.0%
 Projected Property Value $311,463 $378,943 $461,042 $560,928

Property Ratings Suggestions
 Item  Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools B A FAVORABLE
 Square Feet 1000 1,312 FAVORABLE
 Bedrooms 3 3 FAVORABLE
 Bathrooms 2 2 FAVORABLE
 Year Built 1970 1991 FAVORABLE
 Rent/Price (%) 0.75% 0.80% FAVORABLE
 Average Cash Flow (at year 5) $125 $342 FAVORABLE
 Average ROI (at year 5) 15% 26.0% 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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