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Do NOT miss this Kansas City Money-maker! [Code: 816]

Posted by Powered by Simply Do It on August 15, 2022
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After 15 Years (no mortgage)
Original purchase price $349,900
Total investment (out of pocket) $98,473
15 yrs Project house value $675,354
Value (appreciation) Gain $325,454
15 yrs cash-flow generated $104,183
Total Gain $429,637
ROI (15 yrs) $4
ROI (annually) $0
   
Free & Clear cash flow (yr.) $27,573
Free & Clear cash flow (m) $2,298

  • 4 bedroom, 3 bath detached single family home
  • Asking price is BELOW market value
  • Unfinished basement area that could be completed to add square footage
  • A rated school district
  • Recent exterior paint and the roof less than 1 year old
  • Hot water heater about 2 months old
  • Over $380/mo. cash flow 
  • Low HOA costs
  • Newly listed! 
  • 3 car attached garage 
  • 8,398 square foot fully fenced lot

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

  • Built: 2002
  • Size: 2,431 square feet
  • Quiet subdivision, Desirable community, Good schools, Low crime

            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: Elizabeth/Meredith – email directly at kc1@simplydoit.net

            Code: 816

            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 2431
             Year Built 2002
             Garage Size 3
             Schools Rating (on scale of A-C) A
            Purchase Assumptions My Offer
            Offer used for analysis $349,900
            Suggested offer (low) $345,000
            Suggested offer (high) $355,000
            Asking $335,000
            Market Value (after improvements) $375,000
            Improvements (lower) $3,000
            Improvements (upper) $5,000
            Closing Costs $3,499
            Mortgage Costs $3,499
            Other Fees At Closing $0
            Total Cost  $360,898

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,600 $2,700 $32,400
            Rent (lower) $2,500 $30,000
            Property Tax Rate (Approx.) 1.4%  
            Property Taxes   $305 $3,660
            Insurance   $110 $1,320
            Repairs   $75 $900
            Variable-Cost PM   7.2%  
            Property Management Fee $186 $2,231
            Leasing Fee 68% $73.1 $878
            HOA   $13 $156
            Vacancy Rate   4.0%  
            Total Fixed Expenses $859 $10,303
             Total Expenses (Fixed + Mortgage) $2,287 $27,450
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.7% 5.8% 7.1% 8.4%
             Net Cash Flow $23,016 $57,351 $104,183 $164,812
             Equity Increase $102,264 $228,255 $383,570 $575,153
             Total Gain $125,281 $285,606 $487,753 $739,965
                       
             Average Cash Flow/Year $4,603 $5,735 $6,946 $8,241
             Average Cash Flow/Month $384 $478 $579 $687
             Average Gain/Year $25,056 $28,561 $32,517 $36,998
             Average ROI 127.2% 290.0% 495.3% 751.4%
             Annual ROI 25.4% 29.0% 33.0% 37.6%
             Projected Property Value $456,245 $555,092 $675,354 $821,671
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A #N/A
             Square Feet     1000 2,431 FAVORABLE
             Bedrooms     3 4 FAVORABLE
             Bathrooms     2 3 FAVORABLE
             Year Built     1970 2002 FAVORABLE
             Rent/Price (%)     0.75% 0.77% FAVORABLE
             Average Cash Flow (at year 5)     $125 $384 FAVORABLE
             Average ROI (at year 5)     15% 25.4% 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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