Advanced Search
Your search results

Gorgeous FULLY Remodeled St. Louis Metro Home [Code: 18]

Posted by Powered by Simply Do It on October 7, 2022
0
image.png
Why THIS deal??
  • Been on the market for 14 days.  Great for price negotiation
  • ~$175/mo cash flow
  • Little to no work needed to make lease-ready
image.png
After 15 Years (no mortgage)
Original purchase price $315,000
Total investment (out of pocket) $91,125
15 yrs Project house value $583,506
Value (appreciation) Gain $268,506
15 yrs cash-flow generated $61,914
Total Gain $330,420
ROI (15 yrs) 363%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $23,917
Free & Clear cash flow (m) $1,993

  • 4 bedroom, 2.5 bath Single Family Home
  • Freshly renovated and located towards the end of a cul de sac street
  • Good school district
  • This home boasts many UPDATES including NEW & Beautiful luxury vinyl plank flooring, NEW Kitchen, NEW Baths, NEW Lighting & NEW ROOF! Open Floor Plan & Freshly Painted Interior! Living Room & Dining Room w/ large entry & open stairwell to upstairs. Family Room features a wood-burning Fireplace & Beautiful Custom Cabinetry w/ Butcher Block tops & Modern Shelving
  • Fully fenced back yard with wood deck
  • No HOA fees
  • This is the equivalent of buying a brand new house for the price of an older home
  • Highly appreciating neighborhood
  • Attached 2-car garage
  • 9,126 square foot lot


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

  • Built: 1980
  • Size: 1,936 square foot 
  • Low Crime, desirable community, A 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: St. Louis

Team: Nathan – email directly at stl1@simplydoit.net

Code: 18


Property Specifications 1
 Bedrooms 4
 Bathrooms 2.5
 Square Feet 1936
 Year Built 1980
 Garage Size 2
 Schools Rating (on scale of A-C) A

Purchase Assumptions My Offer
Offer used for analysis $315,000
Suggested offer (low) $315,000
Suggested offer (high) $320,000
Asking $324,900
Market Value (after improvements) $324,000
Improvements (lower) $3,500
Improvements (upper) $5,500
Closing Costs $3,150
Mortgage Costs $3,150
Other Fees At Closing $1,575
Total Cost  $327,375

Financial Assumptions Monthly Yearly
Rent (upper) $2,300 $2,400 $28,800
Rent (lower) $2,200 $26,400
Property Tax Rate (Approx.) 1.0%  
Property Taxes   $270 $3,240
Insurance   $140 $1,680
Repairs   $50 $600
Variable-Cost PM   7.5%  
Property Management Fee $173 $2,070
Leasing Fee 75% $71.9 $863
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $789 $9,474
 Total Expenses (Fixed + Mortgage) $2,187 $26,244

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.3% 3.4% 4.5% 5.8%
 Net Cash Flow $10,480 $30,777 $61,914 $105,020
 Equity Increase $86,947 $194,806 $328,813 $495,582
 Total Gain $97,427 $225,583 $390,728 $600,601
           
 Average Cash Flow/Year $2,096 $3,078 $4,128 $5,251
 Average Cash Flow/Month $175 $256 $344 $438
 Average Gain/Year $19,485 $22,558 $26,049 $30,030
 Average ROI 106.9% 247.6% 428.8% 659.1%
 Annual ROI 21.4% 24.8% 28.6% 33.0%
 Projected Property Value $394,196 $479,599 $583,506 $709,924


Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet     1000 1,936 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 2.5 FAVORABLE
 Year Built     1970 1980 FAVORABLE
 Rent/Price (%)     0.75% 0.76% FAVORABLE
 Average Cash Flow (at year 5)     $125 $175 FAVORABLE
 Average ROI (at year 5)     15% 21.4% FAVORABLE

image.png

image.png

image.png

image.png

image.png

image.png

image.png

image.png
image.png
image.png
image.png
image.png
image.png
image.png
image.png
image.png
image.png
image.png

image.png

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