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Gorgeous Move-In Ready Opportunity! [Code: 612]

Posted by Powered by Simply Do It on March 27, 2022
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After 15 Years (no mortgage)  
Original purchase price $345,000
Total investment (out of pocket) $96,150
15 yrs Project house value $621,326
Value (appreciation) Gain $276,326
15 yrs cash-flow generated $51,270
Total Gain $327,596
ROI (15 yrs) 341%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $22,428
Free & Clear cash flow (m) $1,869
  • 4 bedroom 3 bath single family residence 
  • Highly sought after neighborhood
  • No (low) crime area
  • Can finish sub-basement as an additional opportunity or use for storage
  • 4th bedroom and full bath on the lower level
  • Over $125/mo. cash flow 
  • 3-car attached garage
  • Cul-de-sac location with no back neighbors
  • Award winning A-rated schools
  • 9,583 square foot lot

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

  • Built: 2007
  • Size: 3,276  sq ft
  • Quiet residential street, 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: Kansas City

            Team: Meredith – email directly at kc1@simplydoit.net

            Code: 612


            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 3276
             Year Built 2007
             Garage Size 3
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $345,000
            Suggested offer (low) $345,000
            Suggested offer (high) $355,000
            Asking $340,000
            Market Value (after improvements) $345,000
            Improvements (lower) $2,500
            Improvements (upper) $3,500
            Closing Costs $3,450
            Mortgage Costs $3,450
            Other Fees At Closing $0
            Total Cost  $354,900

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,195 $2,295 $27,540
            Rent (lower) $2,095 $25,140
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $274 $3,290
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 7.2%  
            Property Management Fee $157 $1,883
             Leasing Fee 68% $61.7 $741
             HOA $29 $350
             Vacancy Rate 4.0%  
             Total Fixed Expenses $779 $9,342
             Total Expenses (Fixed + Mortgage) $2,127 $25,521

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.6% 2.5% 3.6% 4.7%
             Net Cash Flow $7,564 $24,335 $51,270 $89,428
             Equity Increase $96,778 $215,629 $361,631 $541,040
             Total Gain $104,342 $239,964 $412,901 $630,468
                       
             Average Cash Flow/Year $1,513 $2,433 $3,418 $4,471
             Average Cash Flow/Month $126 $203 $285 $373
             Average Gain/Year $20,868 $23,996 $27,527 $31,523
             Average ROI 108.5% 249.6% 429.4% 655.7%
             Annual ROI 21.7% 25.0% 28.6% 32.8%
             Projected Property Value $419,745 $510,684 $621,326 $755,937

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 3,276 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 2007 FAVORABLE
             Rent/Price (%)   0.75% 0.67% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $126 FAVORABLE
             Average ROI (at year 5) 15% 21.7% 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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