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Gorgeous St. Louis Turnkey Rental! [Code: 539]

Posted by Powered by Simply Do It on May 31, 2022
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After 15 Years (no mortgage)  
Original purchase price $320,000
Total investment (out of pocket) $88,900
15 yrs Project house value $576,302
Value (appreciation) Gain $256,302
15 yrs cash-flow generated $55,634
Total Gain $311,936
ROI (15 yrs) 351%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $21,439
Free & Clear cash flow (m) $1,787
  • 3 bedroom, 2.5 bathroom single family home
  • Price recently dropped by $19K.  Great Negotiation Opportunity!!!
  • Around $155/mo. cash flow 
  • 2-car attached garage
  • Available for 7-year ARM financing at lower interest rate (we used 4.75% for analysis)
  • Quiet residential street
  • Growing community
  • Fenced backyard and large wrap around porch
  • Many families love this suburb
  • Good B rated schools
  • 7,841 square foot lot


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

  • Built: 2008
  • Size: 1,894 sq ft
  • Quiet residential street, Desirable community, 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: 539


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1894
             Year Built 2008
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $320,000
            Suggested offer (low) $299,000
            Suggested offer (high) $320,000
            Asking $299,000
            Market Value (after improvements) $320,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $3,200
            Mortgage Costs $3,200
            Other Fees At Closing $0
            Total Cost  $328,900

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,150 $2,200 $26,400
            Rent (lower) $2,100 $25,200
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $280 $3,360
             Insurance $125 $1,500
             Repairs $75 $900
            Variable-Cost PM 7.5%  
            Property Management Fee $161 $1,935
             Leasing Fee 75% $67.2 $806
             HOA $8 $96
             Vacancy Rate 4.0%  
             Total Fixed Expenses $796 $9,552
             Total Expenses (Fixed + Mortgage) $2,048 $24,575

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.1% 3.1% 4.2% 5.3%
             Net Cash Flow $9,439 $27,678 $55,634 $94,318
             Equity Increase $89,733 $199,944 $335,347 $501,751
             Total Gain $99,172 $227,622 $390,981 $596,070
                       
             Average Cash Flow/Year $1,888 $2,768 $3,709 $4,716
             Average Cash Flow/Month $157 $231 $309 $393
             Average Gain/Year $19,834 $22,762 $26,065 $29,803
             Average ROI 111.6% 256.0% 439.8% 670.5%
             Annual ROI 22.3% 25.6% 29.3% 33.5%
             Projected Property Value $389,329 $473,678 $576,302 $701,159

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 1,894 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2008 FAVORABLE
             Rent/Price (%)   0.75% 0.69% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $157 FAVORABLE
             Average ROI (at year 5) 15% 22.3% 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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