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Gorgeous Turnkey KC opportunity. WOW! [Code: 303]

Posted by Powered by Simply Do It on July 31, 2022
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After 15 Years (no mortgage)  
Original purchase price $272,500
Total investment (out of pocket) $75,575
15 yrs Project house value $490,757
Value (appreciation) Gain $218,257
15 yrs cash-flow generated $54,789
Total Gain $273,046
ROI (15 yrs) 361%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $19,463
Free & Clear cash flow (m) $1,622
  • Charming 2-story story home (3 bedroom, 3 bath)
  • Attached 2-car garage
  • Fully fenced yard for entertaining and pets
  • Little to no improvements needed.  Turnkey Property!
  • Granite Countertops and Custom Tile Flooring in the Main Living, Dining and Kitchen Areas
  • Stainless Steel Appliances in the Kitchen & Laundry & they ALL STAY!
  • Hard Flooring/Tile/Carpet floors throughout
  • ~ $165/mo. cash flow 
  • No HOA costs
  • A rated schools
  • Open concept living area
  • Large back deck for grilling and entertaining guests
  • 1600 square foot home

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

  • Built: 2015
  • Size: 10,454 square foot lot
  • Low Crime, Desirable community, Highly appreciating neighborhood, A Rated school district

            What's next?

            Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

            Metro: Kansas City

            Team: Elizabeth/Meredith – email directly at kc1@simplydoit.net

            Code: 303

            Property Specifications 1
             Bedrooms 3
             Bathrooms 3
             Square Feet 1600
             Year Built 2015
             Garage Size 2
             Schools Rating (on scale of A-F) A
            Purchase Assumptions My Offer
            Offer used for analysis $272,500
            Suggested offer (low) $265,000
            Suggested offer (high) $275,000
            Asking $272,500
            Market Value (after improvements) $272,500
            Improvements (lower) $1,500
            Improvements (upper) $2,500
            Closing Costs $2,725
            Mortgage Costs $2,725
            Other Fees At Closing $0
            Total Cost  $279,950

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,995 $2,095 $25,140
            Rent (lower) $1,895 $22,740
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $318 $3,815
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 7.2%  
            Property Management Fee $143 $1,712
             Leasing Fee 68% $56.1 $673
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $766 $9,189
             Total Expenses (Fixed + Mortgage) $1,879 $22,543

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 2.6% 3.7% 4.8% 6.0%
             Net Cash Flow $9,996 $27,982 $54,789 $91,336
             Equity Increase $75,408 $168,377 $283,066 $424,644
             Total Gain $85,404 $196,359 $337,856 $515,980
                       
             Average Cash Flow/Year $1,999 $2,798 $3,653 $4,567
             Average Cash Flow/Month $167 $233 $304 $381
             Average Gain/Year $17,081 $19,636 $22,524 $25,799
             Average ROI 113.0% 259.8% 447.0% 682.7%
             Annual ROI 22.6% 26.0% 29.8% 34.1%
             Projected Property Value $331,538 $403,367 $490,757 $597,081

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,600 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 2015 FAVORABLE
             Rent/Price (%)   0.75% 0.77% FAVORABLE
             Average Cash Flow (at year 5) $125 $167 FAVORABLE
             Average ROI (at year 5) 15% 22.6% 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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