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Great Opportunity in High Appreciating Metro [Code: 339]

Posted by Powered by Simply Do It on March 6, 2022
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  • 3 bedroom 3 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Over $260/mo. cash flow 
  • This area has seen higher than average appreciation 
  • 2 car attached garage
  • A-rated schools
  • Granite Countertops
  • Large corner lot

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

  • Built: 2000
  • Size: 1,575  sq ft
  • Quiet residential street, Desirable community, A rated schools

Why St. Louis?

  • St. Louis, MO offers everything you may need in a metro area: from professional sports, to great concerts & restaurants to a world renowned zoo and botanical garden plus a great highway system
  • Emerged as a top 10 Tech Hub city thanks to the Cortex Technology development
  • Medical school & service center for the region, featuring assets like Barnes Jewish Hospital (no. 17 on US News best hospitals in the country list).
  • Corporate employers include Anheuser Busch, Ralston Purina, Mastercard, Centene Corp & more
  • Our crown jewel is Forest Park – approx 1400 acres including 18 holes of golf, 6.2 mile trail, the St. Louis Zoo, history and art museums, tennis courts and more
  • Big sports city with the St. Louis Blues, St. Louis Cardinals and coming soon: Major League Soccer

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: 339


Property Specifications 1
 Bedrooms 3
 Bathrooms 3
 Square Feet 1575
 Year Built 2000
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $350,000
Suggested offer (low) $350,000
Suggested offer (high) $360,000
Asking $370,000
Market Value (after improvements) $360,000
Improvements (lower) $3,000
Improvements (upper) $5,000
Closing Costs $3,700
Mortgage Costs $3,700
Other Fees At Closing $0
Total Cost  $361,400

Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,300 $27,600
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $250 $3,000
 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 $4 $48
 Vacancy Rate 4.0%  
 Total Fixed Expenses $744 $8,930
 Total Expenses (Fixed + Mortgage) $1,997 $23,968

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 3.2% 4.1% 5.2% 6.3%
 Net Cash Flow $15,723 $40,908 $76,541 $123,708
 Equity Increase $103,071 $228,581 $381,416 $567,526
 Total Gain $118,793 $269,489 $457,957 $691,234
           
 Average Cash Flow/Year $3,145 $4,091 $5,103 $6,185
 Average Cash Flow/Month $262 $341 $425 $515
 Average Gain/Year $23,759 $26,949 $30,530 $34,562
 Average ROI 120.1% 272.5% 463.1% 698.9%
 Annual ROI 24.0% 27.2% 30.9% 34.9%
 Projected Property Value $437,995 $532,888 $648,340 $788,804

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,575 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 2000 FAVORABLE
 Rent/Price (%)   0.75% 0.66% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $262 FAVORABLE
 Average ROI (at year 5) 15% 24.0% 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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