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Cozy St. Louis Metro Find [Code: 3053]

Posted by Powered by Simply Do It on September 6, 2022
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Why THIS deal??
  • ~ $230/mo. cash flow 
  • Completely Remodeled and Updated
  • 26 days on the market.  Great Negotiation tool!
  • Little to no improvements needed to make this lease-ready
  • Price recently reduced by $10K
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  • Detached single family 3 bedroom (additional 4th bedroom in basement) and 1.5 bath house
  • Price recently reduced by $10K
  • ~ $230/mo. cash flow 
  • LVP flooring, tile and carpet throughout
  • 26 Days on the Market.  Great Negotiation tool! 
  • Good school district
  • Attached fenced-in carport and adorable matching storage shed
  • Modern open concept floor plan
  • Fully finished basement
  • 7,562 square foot lot


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

  • Built: 1970
  • Size: 1,364 square foot home
  • Low Crime, desirable community, quiet residential street, 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: St. Louis

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

Code: 3053



Purchase Assumptions My Offer
Offer used for analysis $260,000
Suggested offer (low) $260,000
Suggested offer (high) $270,000
Asking $264,900
Market Value (after improvements) $265,000
Improvements (lower) $2,000
Improvements (upper) $3,000
Closing Costs $2,600
Mortgage Costs $2,600
Other Fees At Closing $0
Total Cost  $267,700


Financial Assumptions Monthly Yearly
Rent (upper) $1,900 $2,000 $24,000
Rent (lower) $1,800 $21,600
Property Tax Rate (Approx.) 1.0%  
Property Taxes   $150 $1,800
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   7.5%  
Property Management Fee $143 $1,710
Leasing Fee 75% $59.4 $713
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $597 $7,166
 Total Expenses (Fixed + Mortgage) $1,720 $20,636

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.9% 5.0% 6.3% 7.6%
 Net Cash Flow $14,008 $36,483 $68,308 $110,455
 Equity Increase $71,818 $160,742 $270,976 $407,802
 Total Gain $85,826 $197,225 $339,284 $518,257
           
 Average Cash Flow/Year $2,802 $3,648 $4,554 $5,523
 Average Cash Flow/Month $233 $304 $379 $460
 Average Gain/Year $17,165 $19,723 $22,619 $25,913
 Average ROI 118.1% 271.3% 466.7% 712.9%
 Annual ROI 23.6% 27.1% 31.1% 35.6%
 Projected Property Value $322,413 $392,265 $477,250 $580,648

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet     1000 1,364 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 1.5 INSUFFICIENT
 Year Built     1970 1970 FAVORABLE
 Rent/Price (%)     0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5)     $125 $233 FAVORABLE
 Average ROI (at year 5)     15% 23.6% 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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