Advanced Search
Your search results

Extra Square Footage is your Friend with this St. Louis Find!! [Code: 1301]

Posted by Powered by Simply Do It on May 30, 2023
0
SDI logo.jpg
Why THIS deal??
  • ~$430/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$150 at today's rates of 6.75%
  • Low price point which requires smaller down payment to get started.
  • Great location!
image.png
Mortgage Acceleration
Applying your annual cash flow (EPP*)$1,793
Applying your monthly cash flow (EPP*)$149
Years to payoff mortgage 22
Interest paid over 30 years$262,726
Int. paid in 22 yrs, using EPP$181,962
Your int. savings$80,764
If you make an extra payment every year of $1,793 (cash flow) you will pay off your mortgage in 22 years (vs. 30 years), and save $80,764 on interest!
  • 4 bedroom, 2 bath Single Family Home 
  • Home is only showing around 1,000 in square footage, but is listed wrong. Home actually has around 1,600 square feet.  Use this to your advantage! 
  • Great location with quick access to major commuting routes, shopping and schools and a strong rental market
  • B- rated schools
  • Highly sought after neighborhood
  • 2-car attached garage
  • Upgrades include all new lighting, granite countertops, stainless steel appliances, gorgeous wood floors, new windows, and more
  • The backyard is fully fenced with an 8 ft vinyl privacy fence perfect for family gatherings or the kids and pets to play
  • Extra parking pad space that can hold 2-3 cars, a boat or camper
  • 9,148 square foot corner lot


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

  • Built: 1995
  • Size: 1,600+ 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: 1301

Property Specifications1
 Bedrooms4
 Bathrooms3
 Square Feet1600
 Year Built1995
 Garage Size2
 Schools Rating (on scale of A-C)B

Purchase AssumptionsMy Offer
Offer used for analysis$265,000
Suggested offer (low)$260,000
Suggested offer (high)$265,000
Asking$260,000
Market Value (after improvements)$270,000
Improvements (lower)$3,000
Improvements (upper)$5,000
Closing Costs$2,650
Mortgage Costs$2,650
Other Fees At Closing (pts, . . . )$2,900
Total Cost $277,200
Original listing date5/13/23
DOM (days on market – TODAY)17

Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$66,250
 Financed Amount$198,750
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,289
 Cash Outlay (Total Out of Pocket) $78,450

Financial AssumptionsMonthlyYearly
Rent (upper)$2,050$2,100$25,200
Rent (lower)$2,000$24,000
Property Tax Rate (Approx.)   
Property Taxes $200$2,400
Insurance $115$1,380
Repairs $75$900
Property Management Monthly (%)7.5% 
Property Management Monthly ($)$154$1,845
Leasing Fee75%$64.1$769
HOA or Fixed Costs$21$252
Vacancy Rate 4.0% 
Total Fixed Expenses34%$705$8,456
 Total Expenses (Fixed + Mortgage)$1,994$23,925

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.3%4.2%6.4%8.9%
 Net Cash Flow$8,965$33,314$75,668$139,083
 Equity Increase$70,668$158,880$269,330$408,087
 Total Gain$79,633$192,194$344,999$547,171
      
 Average Cash Flow/Year$1,793$3,331$5,045$6,954
 Average Cash Flow/Month$149$278$420$580
 Average Gain/Year$15,927$19,219$23,000$27,359
 Average ROI101.5%245.0%439.8%697.5%
 Annual ROI20.3%24.5%29.3%34.9%
 Projected Property Value$328,496$399,666$486,255$591,603

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet  1,0001,600FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19701995FAVORABLE
 Rent/Price (%)  0.75%0.79%FAVORABLE
 Average Cash Flow (at year 5)  $125$149FAVORABLE
 Average ROI (at year 5)  15%20.3%FAVORABLE

image.png

image.png

image.png

image.png
SDI logo.JPG

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