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Excellent Long-Term St. Louis Investment!! [Code: 116]

Posted by Powered by Simply Do It on August 18, 2023
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Why THIS deal??
  • ~$340/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$161/mo. at today's rates of 6.5%
  • Excellent Long Term Performance Outlook
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Mortgage Acceleration
Applying annual cash flow (EPP*)$1,932
Applying  monthly cash flow (EPP*)$161
Years to payoff mortgage 22
Interest paid over 30 years$282,954
Int. paid in 22 yrs, using EPP$199,704
Your int. savings$83,250
If you make an extra payment every year of $1,932 (the annual cash flow) you will pay off your mortgage in 22 years, and save $83,250 on interest.
  • 3 bedroom, 2 bath Single Family Home 
  • New windows as of 2020
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly sought after area with great appreciation
  • Highly rated schools
  • Community pool with lifeguard
  • Low HOA charges
  • Asking price is $290K, but agent thinks it'll sell for $320K, so analysis was done at $320K for conservative estimates
  • Attached 2 car garage
  • 4,356 square foot lot


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

  • Built: 1985
  • Size: 1,300 square foot home
  • Low Crime, Desirable Community, Great 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: 116

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1300
 Year Built1985
 Garage Size2
 Schools Rating (on scale of A-C)A-

Purchase AssumptionsMy Offer
Offer used for analysis$320,000
Suggested offer (low)$300,000
Suggested offer (high)$320,000
Asking$290,000
Market Value (after improvements)$325,000
Improvements (lower)$5,000
Improvements (upper)$8,000
Closing Costs$3,200
Mortgage Costs$3,200
Other Fees At Closing (pts, . . . )$3,300
Total Cost $336,200
Original listing date7/31/23
DOM (days on market – TODAY)18

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$96,000
 Financed Amount$224,000
 Interest Rate 6.500%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,416
 Cash Outlay (Total Out of Pocket) $112,200

Financial AssumptionsMonthlyYearly
Rent (upper)$2,300$2,350$28,200
Rent (lower)$2,250$27,000
Property Tax Rate (Approx.)   only $2360 currently
Property Taxes $260$3,120
Insurance $115$1,380
Repairs $100$1,200
Property Management Monthly (%)7.0% 
Property Management Monthly ($)$161$1,932
Leasing Fee75%$71.9$863
HOA or Fixed Costs$33$396
Vacancy Rate 4.0% 
Total Fixed Expenses36%$826$9,917
 Total Expenses (Fixed + Mortgage)$2,242$26,907 

Financial Analysis / Deal Attractiveness  
Years:51015
 Cap Rate1.7%3.2%4.9%
 Net Cash Flow$9,662$36,391$83,115
 Equity Increase$84,723$190,181$321,773
 Total Gain$94,385$226,572$404,888
    
 Average Cash Flow/Year$1,932$3,639$5,541
 Average Cash Flow/Month$161$303$462
 Average Gain/Year$18,877$22,657$26,993
 Average ROI84.1%201.9%360.9%
 Annual ROI16.8%20.2%24.1%
 Projected Property Value$395,412$481,079$585,307

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BA-FAVORABLE
 Square Feet  1,0001,300FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701985FAVORABLE
 Average Cash Flow (at year 5)  $125$161FAVORABLE
 Average ROI (at year 5)  15%16.8%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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