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Gorgeous St. Louis Opportunity [Code: 3376]

Posted by Powered by Simply Do It on September 23, 2022
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Why THIS deal??
  • Price already dropped by $10K.  Good sign that seller is willing to negotiate
  • ~$130/mo cash flow
  • Suggest offer is aggressive to provide instant equity to the investor
  • Very little work needed to make this lease-ready
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After 15 Years (no mortgage)
Original purchase price $295,000
Total investment (out of pocket) $83,650
15 yrs Project house value $549,288
Value (appreciation) Gain $254,288
15 yrs cash-flow generated $51,806
Total Gain $306,093
ROI (15 yrs) 366%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $21,927
Free & Clear cash flow (m) $1,827

  • 3 bedroom, 3 bath Single Family Home
  • Large fenced backyard.  Perfect for families and pets
  • LVP flooring throughout
  • Finished basement with 2nd fireplace and full bathroom
  • Good school district
  • Completely remodeled home with all new stainless steel appliances that stay with house
  • No HOA fees
  • Highly appreciating neighborhood
  • Attached 2-car garage
  • Price has been dropped already by $10K and has been on the market for 15 days
  • 9,932 square foot lot


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

  • Built: 1977
  • Size: 1,925 square foot 
  • Low Crime, desirable community, A/B 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: 3376


Property Specifications 1
 Bedrooms 3
 Bathrooms 3
 Square Feet 1925
 Year Built 1977
 Garage Size 2
 Schools Rating (on scale of A-C) A/B


Purchase Assumptions My Offer
Offer used for analysis $295,000
Suggested offer (low) $295,000
Suggested offer (high) $300,000
Asking $309,000
Market Value (after improvements) $305,000
Improvements (lower) $3,000
Improvements (upper) $5,000
Closing Costs $2,950
Mortgage Costs $2,950
Other Fees At Closing $0
Total Cost  $304,900

Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,250 $27,000
Rent (lower) $2,150 $25,800
Property Tax Rate (Approx.) 1.0%  
Property Taxes   $325 $3,900
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   7.5%  
Property Management Fee $165 $1,980
Leasing Fee 75% $68.8 $825
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $815 $9,782
 Total Expenses (Fixed + Mortgage) $2,124 $25,487

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 1.9% 3.0% 4.1% 5.4%
 Net Cash Flow $7,955 $24,911 $51,806 $89,672
 Equity Increase $81,767 $183,192 $309,195 $465,988
 Total Gain $89,722 $208,104 $361,001 $555,660
           
 Average Cash Flow/Year $1,591 $2,491 $3,454 $4,484
 Average Cash Flow/Month $133 $208 $288 $374
 Average Gain/Year $17,944 $20,810 $24,067 $27,783
 Average ROI 107.3% 248.8% 431.6% 664.3%
 Annual ROI 21.5% 24.9% 28.8% 33.2%
 Projected Property Value $371,079 $451,475 $549,288 $668,293

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A/B FAVORABLE
 Square Feet     1000 1,925 FAVORABLE
 Bedrooms     3 3 FAVORABLE
 Bathrooms     2 3 FAVORABLE
 Year Built     1970 1977 FAVORABLE
 Rent/Price (%)     0.75% 0.76% FAVORABLE
 Average Cash Flow (at year 5)     $125 $133 FAVORABLE
 Average ROI (at year 5)     15% 21.5% 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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