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Don’t Miss this 4-plex with Great Cash Flow! [Code: 243]

Posted by Powered by Simply Do It on June 20, 2022
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After 15 Years (no mortgage)  
Original purchase price $540,000
Total investment (out of pocket) $149,300
15 yrs Project house value $974,310
Value (appreciation) Gain $434,310
15 yrs cash-flow generated $197,190
Total Gain $631,501
ROI (15 yrs) 423%
ROI (annually) 28%
   
Free & Clear cash flow (yr.) $46,627
Free & Clear cash flow (m) $3,886
  • Nice 4-plex with onsite management and amenities
  • Recently on the market.  This won't last long! 
  • Over $750/mo. cash flow 
  • There are $7,428 a year in rent increases left on this quad once the building achieves market rate rents
  • No major improvements needed to add value just wait for lease expirations and raise rents.  
  • This is the equivalent of buying 4 units at $135k each
  • There is a professional management company onsite you can talk to in private about the buildings.  You MUST use this management company.
  • Prime family location with restaurants/parks/medical nearby
  • Fully leased currently
  • A-rated school district
  • Market rents are $1399 on the 2-car garage units and $1299 on the 1-car units
  • 3,497 acre lot

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

  • Built: 2006
  • Size: 3,497  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: Kansas City

            Team: Meredith – email directly at kc1@simplydoit.net

            Code: 1721


            Property Specifications 4 Per Door
             Bedrooms 10 2.5
             Bathrooms 8 2.0
             Square Feet 5688 1422
             Year Built 2006  
             Garage Size 2  
             Schools Rating (on scale of A-F) A  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $540,000 $135,000
            Suggested offer (low) $525,000 $131,250
            Suggested offer (high) $560,000 $140,000
            Asking $540,000 $135,000
            Market Value (after improvements) $541,000 $135,250
            Improvements (lower) $500 $125
            Improvements (upper) $1,000 $250
            Closing Costs $5,400  
            Mortgage Costs $5,400 $1,350
            Other Fees At Closing $2,750 $688
            Total Cost  $554,300 $1,350

            Financial Assumptions Monthly Yearly
            Rent (upper) $5,400 $5,600 $67,200
            Rent (lower) $5,200 $62,400
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $517 $6,200
             Insurance $100 $1,200
             Repairs $300 $3,600
            Variable-Cost PM 7.2%  
            Property Management Fee $386 $4,633
             Leasing Fee 68% $151.9 $1,823
             HOA $800 $9,600
             Vacancy Rate 4.0%  
             Total Fixed Expenses $2,455 $29,462
             Total Expenses (Fixed + Mortgage) $4,755 $57,057

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 5,688 FAVORABLE
             Bedrooms   3 10 FAVORABLE
             Bathrooms   2 8 FAVORABLE
             Year Built   1970 2006 FAVORABLE
             Rent/Price (%)   0.75% 1.04% FAVORABLE
             Average Cash Flow (at year 5) $125 $765 FAVORABLE
             Average ROI (at year 5) 15% 25.9% FAVORABLE

              

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 6.2% 7.4% 8.8% 10.3%
             Net Cash Flow $45,926 $110,992 $197,190 $306,721
             Equity Increase $147,744 $330,522 $556,878 $837,511
             Total Gain $193,670 $441,514 $754,068 $1,144,232
                       
             Average Cash Flow/Year $9,185 $11,099 $13,146 $15,336
             Average Cash Flow/Month $765 $925 $1,096 $1,278
             Average Gain/Year $38,734 $44,151 $50,271 $57,212
             Average ROI 129.7% 295.7% 505.1% 766.4%
             Annual ROI 25.9% 29.6% 33.7% 38.3%
             Projected Property Value $658,209 $800,812 $974,310 $1,185,398

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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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