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Get a Taste of Real Estate Bliss [Code: 6639]

Posted by Powered by Simply Do It on June 18, 2024

Why THIS deal??
  • ~$566/mo. cash flow once you can refi to 6.5% 
  • Cash flows at ~$449/mo. at today's rates of 6.875%

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  • Duplex with 6 bedrooms and 2 full bathrooms (each unit is a 3 bedroom, 1 bathroom)
  • Recent price drop of $20K on 6/4/2024
  • Parcel split approved in process with another duplex
  • Great location with quick access to major commuting routes, shopping and schools
  • Detached 2-car garage
  • Highly appreciating area with strong rental market
  •  Roof and gutters new in 2021, new siding siding in 2021
  • New fence. Installed garage door opener. New windows upstairs
  • One unit is needing some upgrades
  • Property has been on the market for 74 days so there could be room for negotiations
  • Good schools
  • Partially finished basement in one unit.  Can be completed to add additional living space
  • You can potentially double your money in 5-6 years!
  • Rents are very conservative for what the market is showing
  • Owner lives in one side and wants to leaseback from new owner 
  • No HOA charges
  • #cashflow  #appreciation  #valueadd

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

  • Built: 1960
  • Size: 2,056 square foot home
  • Low Crime, Desirable Community, B 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: Kansas City

Team: Chris  – email directly at

Code: 6639

Property Specifications2Per Door
 Square Feet20561028
 Year Built1960 
 Garage Size21
 Schools Rating (scale 3-30, 30 is best)12 
Lot size (sq ft)               19,716 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$419,000$209,500
Suggested offer (low)$420,000$210,000
Suggested offer (high)$429,000$214,500
Market Value (after improvements)$435,000 
Estimated Improvements (lower)$6,000$3,000
Estimated Improvements (upper)$12,000$6,000
Estimated Closing Costs$4,190 
Estimated Mortgage Costs$3,373$1,686
Other Fees At Closing (pts, . . . )$2,9337%
Total Cost (estimated)$438,496$1,686
Original listing date4/5/2024 

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$125,700
 Financed Amount$293,300
 Interest Rate 6.875%
 Mortgage Term (Years)30
 Monthly Mortgage Payment58.4%$1,927
 Cash Outlay (Total Out of Pocket) $145,196

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
Rent (actual)*$3,200$38,400
Property Taxes $275$3,300
Insurance $150$1,800
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$236$2,831
Leasing Fee68%$92.8$1,114
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses32.6%$1,076$12,916
Total Expenses (Fixed + Mortgage)$3,003$36,037

Financial Analysis / Deal Attractiveness   
 Cap Rate3.7%5.4%7.4%9.5%
 Net Cash Flow$26,968$79,120$160,722$276,750
 Equity Increase$111,828$251,263$425,669$644,567
 Total Gain$138,796$330,383$586,390$921,317
 Average Cash Flow/Year$5,394$7,912$10,715$13,837
 Average Cash Flow/Month$449$659$893$1,153
 Average Gain/Year$27,759$33,038$39,093$46,066
 Average ROI95.6%227.5%403.9%634.5%
 Annual ROI19.1%22.8%26.9%31.7%
 Projected Property Value$529,244$643,906$783,410$953,139

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Schools (scale of 3-30, 30 is the best) 1412INSUFFICIENT
 Square Feet  1,0002,056FAVORABLE
 Bedrooms  36FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701960INSUFFICIENT
 Average Cash Flow (at year 5)  $125$449FAVORABLE
 Average ROI (at year 5)  15%19.1%FAVORABLE





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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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