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GORGEOUS opportunity you don’t want to miss! [Code: 4]

Posted by Powered by Simply Do It on May 17, 2022
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After 15 Years (no mortgage)  
Original purchase price $305,000
Total investment (out of pocket) $94,850
15 yrs Project house value $576,302
Value (appreciation) Gain $271,302
15 yrs cash-flow generated $55,828
Total Gain $327,130
ROI (15 yrs) 345%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $22,097
Free & Clear cash flow (m) $1,841
  • 3 bedroom 2 bathroom Single Family Detached home
  • Price has recently dropped by $10k
  • Updated everything!
  • Across the street from the local library and schools
  • ~ $150/mo. cash flow 
  • 2-car attached garage
  • Unfinished basement – Great Value Add Opportunity!  
  • Prime family location with restaurants/shopping/activities nearby
  • Brand new roof, sub pump, flooring, fixtures, doors and more!
  • 8,276 square foot lot with deck and partially fenced yard
  • Award winning School District

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

  • Built: 1999
  • Size: 1450 Square Feet
  • 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: St. Louis

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

            Code: 4


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1450
             Year Built 1999
             Garage Size 2
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $305,000
            Suggested offer (low) $305,000
            Suggested offer (high) $310,000
            Asking $310,000
            Market Value (after improvements) $320,000
            Improvements (lower) $10,000
            Improvements (upper) $15,000
            Closing Costs $3,050
            Mortgage Costs $3,050
            Other Fees At Closing $0
            Total Cost  $323,600

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,125 $2,175 $26,100
            Rent (lower) $2,075 $24,900
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $260 $3,120
             Insurance $115 $1,380
             Repairs $50 $600
            Variable-Cost PM 7.5%  
            Property Management Fee $159 $1,913
             Leasing Fee 75% $66.4 $797
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $729 $8,753
             Total Expenses (Fixed + Mortgage) $2,028 $24,339

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.9% 2.9% 3.9% 5.0%
             Net Cash Flow $9,224 $27,518 $55,828 $95,195
             Equity Increase $86,576 $193,616 $326,095 $490,233
             Total Gain $95,799 $221,134 $381,923 $585,428
                       
             Average Cash Flow/Year $1,845 $2,752 $3,722 $4,760
             Average Cash Flow/Month $154 $229 $310 $397
             Average Gain/Year $19,160 $22,113 $25,462 $29,271
             Average ROI 101.0% 233.1% 402.7% 617.2%
             Annual ROI 20.2% 23.3% 26.8% 30.9%
             Projected Property Value $389,329 $473,678 $576,302 $701,159

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,450 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 1999 FAVORABLE
             Rent/Price (%)   0.75% 0.71% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $154 FAVORABLE
             Average ROI (at year 5) 15% 20.2% 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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