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Fully Remodeled KC find WITH Cash Flow [Code: 208]

Posted by Powered by Simply Do It on August 30, 2022
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Why THIS deal??
  • ~ $275/mo. cash flow 
  • Recently remodeled with new roof, flooring and windows
  • Finished basement for additional living area
  • Highly appreciating neighborhood
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After 15 Years (no mortgage)
Original purchase price $240,000
Total investment (out of pocket) $66,800
15 yrs Project house value $453,838
Value (appreciation) Gain $213,838
15 yrs cash-flow generated $74,373
Total Gain $288,211
ROI (15 yrs) $4
ROI (annually) $0
   
Free & Clear cash flow (yr.) $19,905
Free & Clear cash flow (m) $1,659

  • 4 bedroom, 3 bath Single Family Detached Residence
  • New roof, cabinets, flooring, tile, decks, lighting, and plumbing fixtures. This is just like a brand new home without the high price!
  • New windows installed, Front door, and patio door to back deck.
  • ~ $275/mo. cash flow 
  • Recently remodeled with hard flooring and carpet
  • No HOA costs
  • Attached 2-car garage (1-car door, but 2-car garage)
  • Finished basement for additional living area
  • Easy access to I-35 for commuters
  • Additional storage shed in backyard
  • 9,500 square foot lot.  Fully fenced with back deck


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

  • Built: 1977
  • Size: 1,986 square foot home
  • Low Crime, Desirable community, Good 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/Elizabeth – email directly at kc1@simplydoit.net

            Code: 208


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 1986
             Year Built 1977
             Garage Size 1
             Schools Rating (on scale of A-C) A/B

            Purchase Assumptions My Offer
            Offer used for analysis $240,000
            Suggested offer (low) $240,000
            Suggested offer (high) $260,000
            Asking $245,000
            Market Value (after improvements) $252,000
            Improvements (lower) $1,500
            Improvements (upper) $2,500
            Closing Costs $2,400
            Mortgage Costs $2,400
            Other Fees At Closing $0
            Total Cost  $246,800

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,995 $2,095 $25,140
            Rent (lower) $1,895 $22,740
            Property Tax Rate (Approx.) 1.4%  
            Property Taxes   $280 $3,360
            Insurance   $110 $1,320
            Repairs   $75 $900
            Variable-Cost PM   7.2%  
            Property Management Fee $143 $1,712
            Leasing Fee 68% $56.1 $673
            HOA   $0 $0
            Vacancy Rate   4.0%  
            Total Fixed Expenses $738 $8,854
             Total Expenses (Fixed + Mortgage) $1,774 $21,288

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.9% 6.1% 7.4% 8.8%
             Net Cash Flow $16,336 $40,844 $74,373 $117,863
             Equity Increase $67,894 $151,923 $256,046 $385,228
             Total Gain $84,230 $192,767 $330,419 $503,090
                       
             Average Cash Flow/Year $3,267 $4,084 $4,958 $5,893
             Average Cash Flow/Month $272 $340 $413 $491
             Average Gain/Year $16,846 $19,277 $22,028 $25,155
             Average ROI 126.1% 288.6% 494.6% 753.1%
             Annual ROI 25.2% 28.9% 33.0% 37.7%
             Projected Property Value $306,597 $373,022 $453,838 $552,163

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A/B FAVORABLE
             Square Feet     1000 1,986 FAVORABLE
             Bedrooms     3 4 FAVORABLE
             Bathrooms     2 3 FAVORABLE
             Year Built     1970 1977 FAVORABLE
             Rent/Price (%)     0.75% 0.87% FAVORABLE
             Average Cash Flow (at year 5)     $125 $272 FAVORABLE
             Average ROI (at year 5)     15% 25.2% 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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