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Gorgeous Remodeled St. Louis Opportunity [Code: 2431]

Posted by Powered by Simply Do It on July 26, 2022
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After 15 Years (no mortgage)  
Original purchase price $270,000
Total investment (out of pocket) $74,900
15 yrs Project house value $504,264
Value (appreciation) Gain $234,264
15 yrs cash-flow generated $95,773
Total Gain $330,037
ROI (15 yrs) 441%
ROI (annually) 29%
   
Free & Clear cash flow (yr.) $21,815
Free & Clear cash flow (m) $1,818
  • Charming split level home (3 bedroom, 2 bath)
  • 25 Days on the market which gives you additional negotiating power!
  • Fully renovated single family residence on quiet residential street
  • All mechanical features of the home are in good working order and a home warranty policy is available
  • New LVP and Carpet floors and upgrades throughout
  • ~ $375/mo. cash flow with 7-year ARM loan option
  • No HOA costs
  • A rated schools
  • 2 car attached garage
  • Covered back area for grilling and entertaining guests in large yard

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

  • Built: 1957
  • Size: over 1/2 Acre lot
  • Low Crime, Desirable community, Highly appreciating neighborhood

            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: 2431

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1995
             Year Built 1957
             Garage Size 2
             Schools Rating (on scale of A-F) A-
            Purchase Assumptions My Offer
            Offer used for analysis $270,000
            Suggested offer (low) $270,000
            Suggested offer (high) $280,000
            Asking $284,900
            Market Value (after improvements) $280,000
            Improvements (lower) $1,000
            Improvements (upper) $3,000
            Closing Costs $2,700
            Mortgage Costs $2,700
            Other Fees At Closing $0
            Total Cost  $277,400

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,075 $2,150 $25,800
            Rent (lower) $2,000 $24,000
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $200 $2,400
             Insurance $100 $1,200
             Repairs $100 $1,200
            Variable-Cost PM 7.5%  
            Property Management Fee $156 $1,868
             Leasing Fee 75% $64.8 $778
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $697 $8,367
             Total Expenses (Fixed + Mortgage) $1,754 $21,043

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 6.1% 7.2% 8.5% 9.9%
             Net Cash Flow $22,659 $54,272 $95,773 $148,190
             Equity Increase $77,879 $173,506 $290,960 $435,267
             Total Gain $100,538 $227,778 $386,733 $583,456
                       
             Average Cash Flow/Year $4,532 $5,427 $6,385 $7,409
             Average Cash Flow/Month $378 $452 $532 $617
             Average Gain/Year $20,108 $22,778 $25,782 $29,173
             Average ROI 134.2% 304.1% 516.3% 779.0%
             Annual ROI 26.8% 30.4% 34.4% 38.9%
             Projected Property Value $340,663 $414,468 $504,264 $613,514

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A- FAVORABLE
             Square Feet   1000 1,995 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 1957 INSUFFICIENT
             Rent/Price (%)   0.75% 0.80% FAVORABLE
             Average Cash Flow (at year 5) $125 $378 FAVORABLE
             Average ROI (at year 5) 15% 26.8% 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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