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Easiest Decision You’ve Made All Day!! [Code: 1589]

Posted by Powered by Simply Do It on October 14, 2022
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Why THIS deal??
  • Turnkey property with little to no work needed to make this lease ready
  • ~$300/mo cash flow
  • Property has been on the market for 30 days.  Great price negotiation tool!
  • Price has already been reduced by $10K on 9/26/22
  • Suggest offer is aggressive to provide instant $9K equity to the investor
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After 15 Years (no mortgage)
Original purchase price$330,000
Total investment (out of pocket)$95,250
15 yrs Project house value$612,141
Value (appreciation) Gain$282,141
15 yrs cash-flow generated$88,472
Total Gain$370,613
ROI (15 yrs)389.1%
ROI (annually)25.9%
  
Free & Clear cash flow (yr.)$26,858
Free & Clear cash flow (m)$2,238

  • Large 4 bedroom, 3 bath Single Family Home
  • Fully remodeled house with high-end modern touches throughout
  • Great School District
  • Beautifully finished daylight basement
  • Open house scheduled on 10/16/22
  • Quiet residential street in safe subdivision
  • Price has already been reduced by $10K (on 9/26/22)
  • Located in the middle of a cul-de-sac street
  • No HOA fees
  • Oversized attached 2-car garage
  • Highly appreciating neighborhood
  • Property has been on the market for 30 days.   GREAT Negotiation tool!!
  • 8,712 square foot lot


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

  • Built: 1996
  • Size: 2,569 square foot 
  • Low Crime, 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: Birmingham

Team: Don/Carter – email directly at bir1@simplydoit.net

Code: 1589


Property Specifications1
 Bedrooms4
 Bathrooms3
 Square Feet2569
 Year Built1996
 Garage Size2
 Schools Rating (on scale of A-C)A

Purchase AssumptionsMy Offer
Offer used for analysis$330,000
Suggested offer (low)$330,000
Suggested offer (high)$330,000
Asking$339,900
Market Value (after improvements)$339,900
Improvements (lower)$3,500
Improvements (upper)$5,500
Closing Costs$3,300
Mortgage Costs$3,300
Other Fees At Closing$1,650
Total Cost $342,750

Financial AssumptionsMonthlyYearly
Rent (upper)$2,375$2,475$29,700
Rent (lower)$2,275$27,300
Property Tax Rate (Approx.)1.0% 
Property Taxes $157$1,882
Insurance $110$1,320
Repairs $75$900
Variable-Cost PM 8.0% 
Property Management Fee$190$2,280
Leasing Fee60%$59.4$713
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$679$8,145
 Total Expenses (Fixed + Mortgage)$2,143$25,714

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate3.8%5.0%6.2%7.5%
 Net Cash Flow$18,083$47,192$88,472$143,192
 Equity Increase$91,190$204,309$344,850$519,743
 Total Gain$109,273$251,501$433,322$662,936
      
 Average Cash Flow/Year$3,617$4,719$5,898$7,160
 Average Cash Flow/Month$301$393$492$597
 Average Gain/Year$21,855$25,150$28,888$33,147
 Average ROI114.7%264.0%454.9%696.0%
 Annual ROI22.9%26.4%30.3%34.8%
 Projected Property Value$413,540$503,135$612,141$744,763

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BAFAVORABLE
 Square Feet  1,0002,569FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19701996FAVORABLE
 Rent/Price (%)  0.75%0.75%FAVORABLE
 Average Cash Flow (at year 5)  $125$301FAVORABLE
 Average ROI (at year 5)  15%22.9%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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