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Gorgeous culsac home in Kansas City [code 18600]

Posted by Powered by Simply Do It on February 2, 2022
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  • Large 6 bedroom 3 bath home
  • Highly sought after neighborhood
  • Fenced large backyard with wood deck and built in basketball hoop
  • No (low) crime area
  • Over $245/mo. cash flow
  • Hard flooring/carpet throughout
  • Finished basement with wet bar and floor to ceiling fireplace
  • Additional partially finished portion of the basement for additional opportunity to expand
  • located on cul de sac street
  • Attached 3-car garage
  • 8,539 square foot lot

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

  • Built: 2001
  • Size: 3,626  sq ft
  • Quiet residential street, 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/EJ – email directly at kc1@simplydoit.net

Code: 18600

Property Specifications 1
 Bedrooms 6
 Bathrooms 3
 Square Feet 3616
 Year Built 2001
 Garage Size 3
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $335,000
Suggested offer (low) $335,000
Suggested offer (high) $345,000
Asking $335,000
Market Value (after improvements) $337,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,350
Mortgage Costs $3,350
Other Fees At Closing $0
Total Cost  $343,700

Financial Assumptions Monthly Yearly
Rent (upper) $2,245 $2,295 $27,540
Rent (lower) $2,195 $26,340
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $390 $4,680
 Insurance $118 $1,416
 Repairs $75 $900
Variable-Cost PM 7.2%  
Property Management Fee $161 $1,926
 Leasing Fee 68% $63.1 $758
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $890 $10,680
 Total Expenses (Fixed + Mortgage) $2,054 $24,643

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.2% 4.2% 5.2% 6.3%
 Net Cash Flow $14,801 $38,408 $71,739 $115,806
 Equity Increase $97,943 $216,837 $361,165 $536,373
 Total Gain $112,744 $255,245 $432,905 $652,178
           
 Average Cash Flow/Year $2,960 $3,841 $4,783 $5,790
 Average Cash Flow/Month $247 $320 $399 $483
 Average Gain/Year $22,549 $25,524 $28,860 $32,609
 Average ROI 122.0% 276.1% 468.3% 705.4%
 Annual ROI 24.4% 27.6% 31.2% 35.3%
 Projected Property Value $410,012 $498,842 $606,918 $738,408

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 3,616 FAVORABLE
 Bedrooms   3 6 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 2001 FAVORABLE
 Rent/Price (%)   0.75% 0.69% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $247 FAVORABLE
 Average ROI (at year 5) 15% 24.4% 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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