Advanced Search
Your search results

Don’t miss this no-brainer under $300k! [Code: 1430]

Posted by Powered by Simply Do It on June 29, 2022
0
sdi_logo (002).png
image.png
After 15 Years (no mortgage)  
Original purchase price $279,000
Total investment (out of pocket) $78,330
15 yrs Project house value $520,473
Value (appreciation) Gain $241,473
15 yrs cash-flow generated $52,670
Total Gain $294,143
ROI (15 yrs) 376%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $19,010
Free & Clear cash flow (m) $1,584
  • 4-bedroom, 2-bathroom single family home
  • HOA provides walking trails, fishing ponds and an 18-hole golf course.  Very desirable for renters
  • Quiet residential street
  • Low crime area
  • There's an open house showing on 7/2/22.  Get your offer in before it's too late!
  • Over $150/mo. cash flow 
  • Unfinished basement that could add square footage and value if completed
  • A rated school district
  • Large wood deck overlooking a fully fenced yard.  Perfect for families and pets
  • One of the higher appreciating neighborhoods in the St. Louis metro
  • 9,583 sq. foot lot

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

  • Built: 2003
  • Size: 1,596  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: Nathan – email directly at stl1@simplydoit.net

            Code: 1430

            Property Specifications 1
             Bedrooms 4
             Bathrooms 2
             Square Feet 1596
             Year Built 2003
             Garage Size 2
             Schools Rating (on scale of A-F) A
            Purchase Assumptions My Offer
            Offer used for analysis $279,000
            Suggested offer (low) $279,000
            Suggested offer (high) $289,000
            Asking $289,000
            Market Value (after improvements) $289,000
            Improvements (lower) $2,000
            Improvements (upper) $4,000
            Closing Costs $2,790
            Mortgage Costs $2,790
            Other Fees At Closing $0
            Total Cost  $287,580

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,125 $2,250 $27,000
            Rent (lower) $2,000 $24,000
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $270 $3,240
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 7.5%  
            Property Management Fee $159 $1,913
             Leasing Fee 75% $66.4 $797
             HOA $175 $2,100
             Vacancy Rate 4.0%  
             Total Fixed Expenses $924 $11,093
             Total Expenses (Fixed + Mortgage) $2,016 $24,191
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.4% 3.4% 4.5% 5.6%
             Net Cash Flow $9,482 $26,768 $52,670 $88,084
             Equity Increase $80,403 $179,129 $300,391 $449,378
             Total Gain $89,885 $205,898 $353,061 $537,462
                       
             Average Cash Flow/Year $1,896 $2,677 $3,511 $4,404
             Average Cash Flow/Month $158 $223 $293 $367
             Average Gain/Year $17,977 $20,590 $23,537 $26,873
             Average ROI 114.8% 262.9% 450.7% 686.2%
             Annual ROI 23.0% 26.3% 30.0% 34.3%
             Projected Property Value $351,613 $427,791 $520,473 $633,235
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,596 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 2003 FAVORABLE
             Rent/Price (%)   0.75% 0.81% FAVORABLE
             Average Cash Flow (at year 5) $125 $158 FAVORABLE
             Average ROI (at year 5) 15% 23.0% FAVORABLE

            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            image.png
            sdi_logo (002).png

            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

            Compare Listings