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Gorgeous Turnkey find in St. Louis [Code: 1039]

Posted by Powered by Simply Do It on May 4, 2022
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  • 5 Bedroom, 2.5 bathroom single family home
  • Highly Sought after cul-de-sac location
  • Newer roof (2020)
  • Newer HVAC (2019)
  • Adorable matching storage shed in fully fenced back yard
  • ~ $200/mo. cash flow 
  • Gorgeous yard with large cedar deck (2021) off the kitchen eating area
  • Prime family location with restaurants/shopping/activities nearby
  • Good School District
  • 11,761 square foot lot

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

  • Built: 1980
  • Size: 2,234
  • 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: 1039


            Property Specifications 1
             Bedrooms 5
             Bathrooms 2.5
             Square Feet 2234
             Year Built 1980
             Garage Size 2
             Schools Rating (on scale of A-F) B

            Purchase Assumptions My Offer
            Offer used for analysis $275,000
            Suggested offer (low) $260,000
            Suggested offer (high) $285,000
            Asking $250,000
            Market Value (after improvements) $280,000
            Improvements (lower) $2,500
            Improvements (upper) $5,000
            Closing Costs $2,750
            Mortgage Costs $2,750
            Other Fees At Closing $0
            Total Cost  $284,250

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,000 $2,050 $24,600
            Rent (lower) $1,950 $23,400
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $180 $2,160
             Insurance $115 $1,380
             Repairs $100 $1,200
            Variable-Cost PM 7.5%  
            Property Management Fee $150 $1,800
             Leasing Fee 75% $62.5 $750
             HOA $32 $384
             Vacancy Rate 4.0%  
             Total Fixed Expenses $714 $8,562
             Total Expenses (Fixed + Mortgage) $1,852 $22,229

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.1% 4.2% 5.3% 6.5%
             Net Cash Flow $12,005 $32,371 $61,970 $101,762
             Equity Increase $76,854 $171,700 $288,836 $433,613
             Total Gain $88,859 $204,071 $350,806 $535,375
                       
             Average Cash Flow/Year $2,401 $3,237 $4,131 $5,088
             Average Cash Flow/Month $200 $270 $344 $424
             Average Gain/Year $17,772 $20,407 $23,387 $26,769
             Average ROI 113.9% 261.6% 449.8% 686.4%
             Annual ROI 22.8% 26.2% 30.0% 34.3%
             Projected Property Value $340,663 $414,468 $504,264 $613,514

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 2,234 FAVORABLE
             Bedrooms   3 5 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 1980 FAVORABLE
             Rent/Price (%)   0.75% 0.75% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $200 FAVORABLE
             Average ROI (at year 5) 15% 22.8% 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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