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Great St. Louis Opportunity!! [Code: 46]

Posted by Powered by Simply Do It on June 15, 2022
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After 15 Years (no mortgage)  
Original purchase price $245,000
Total investment (out of pocket) $72,650
15 yrs Project house value $450,236
Value (appreciation) Gain $205,236
15 yrs cash-flow generated $65,663
Total Gain $270,899
ROI (15 yrs) 373%
ROI (annually) 25%
   
Free & Clear cash flow (yr.) $18,174
Free & Clear cash flow (m) $1,515
  • 3 bedroom, 2 bedroom single family residence
  • Over $230/mo. cash flow 
  • Prime family location with restaurants/parks/medical nearby
  • Large fully fenced backyard
  • A-rated schools
  • 10,083 square foot lot

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

  • Built: 1983
  • Size: 1,362  sq ft
  • Quiet residential street, Desirable community, A 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: 46


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2
             Square Feet 1362
             Year Built 1983
             Garage Size 2
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $245,000
            Suggested offer (low) $240,000
            Suggested offer (high) $245,000
            Asking $250,000
            Market Value (after improvements) $250,000
            Improvements (lower) $5,000
            Improvements (upper) $8,000
            Closing Costs $2,450
            Mortgage Costs $2,450
            Other Fees At Closing $0
            Total Cost  $256,400

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,900 $1,950 $23,400
            Rent (lower) $1,850 $22,200
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $250 $3,000
             Insurance $115 $1,380
             Repairs $100 $1,200
            Variable-Cost PM 7.5%  
            Property Management Fee $143 $1,710
             Leasing Fee 75% $59.4 $713
             HOA $15 $180
             Vacancy Rate 4.0%  
             Total Fixed Expenses $752 $9,026
             Total Expenses (Fixed + Mortgage) $1,711 $20,528

              

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.9% 4.9% 6.0% 7.2%
             Net Cash Flow $14,168 $35,797 $65,663 $104,623
             Equity Increase $69,785 $155,484 $260,756 $390,111
             Total Gain $83,954 $191,281 $326,419 $494,734
                       
             Average Cash Flow/Year $2,834 $3,580 $4,378 $5,231
             Average Cash Flow/Month $236 $298 $365 $436
             Average Gain/Year $16,791 $19,128 $21,761 $24,737
             Average ROI 115.6% 263.3% 449.3% 681.0%
             Annual ROI 23.1% 26.3% 30.0% 34.0%
             Projected Property Value $304,163 $370,061 $450,236 $547,781

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,362 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2 FAVORABLE
             Year Built   1970 1983 FAVORABLE
             Rent/Price (%)   0.75% 0.80% FAVORABLE
             Average Cash Flow (at year 5) $125 $236 FAVORABLE
             Average ROI (at year 5) 15% 23.1% 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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