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Highly Appreciating Gem in KC Metro! [Code: 902]

Posted by Powered by Simply Do It on December 23, 2022
0
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Why THIS deal??
  • ~$459/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$219 at today's rates of 6.0%
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If Paid Off In 15 Years (no mortgage)
Original purchase price $345,000
Total investment (out of pocket) $95,650
15 yrs Project house value $675,354
Value (appreciation) Gain $330,354
15 yrs cash-flow generated $73,728
Total Gain $404,082
ROI (15 yrs) 422.46%
ROI (annually) 28.16%
   
Free & Clear cash flow (yr.) $26,931
Free & Clear cash flow (m) $2,244
  • 4 bedroom, 3 bath Single Family Home 
  • Quiet residential neighborhood
  • Large wooded fully-fenced lot.  Great for kids and pets
  • HVAC is 3 years young, tankless water heater and attic fan
  • Low taxes
  • A rated schools
  • Highly appreciating neighborhood
  • No HOA charges
  • Attached 2-car garage
  • 10,890 square foot lot


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

  • Built: 1996
  • Size: 3,078 square foot home
  • Low Crime, 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: Kansas City

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

Code: 906

Property Specifications 1
 Bedrooms 4
 Bathrooms 3
 Square Feet 3078
 Year Built 1996
 Garage Size 2
 Schools Rating (on scale of A-C) A

Purchase Assumptions My Offer
Offer used for analysis $345,000
Suggested offer (low) $345,000
Suggested offer (high) $350,000
Asking $350,000
Market Value (after improvements) $375,000
Improvements (lower) $2,000
Improvements (upper) $3,000
Closing Costs $3,450
Mortgage Costs $3,450
Other Fees At Closing $0
Total Cost  $354,400

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $86,250
 Financed Amount $258,750
 Interest Rate 6.000%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,551
 Cash Outlay (Total Out of Pocket) $95,650

Financial Assumptions Monthly Yearly
Rent (upper) $2,525 $2,600 $31,200
Rent (lower) $2,450 $29,400
Property Tax Rate (Approx.) 2.5%  
Property Taxes   $280 $3,360
Insurance   $125 $1,500
Repairs   $75 $900
Variable-Cost PM   7.1%  
Property Management Fee $179 $2,151
Leasing Fee 68% $71.0 $852
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $824 $9,889
 Total Expenses (Fixed + Mortgage) $2,375 $28,505

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.7% 3.9% 5.1% 6.5%
 Net Cash Flow $13,137 $37,330 $73,728 $123,602
 Equity Increase $99,217 $222,305 $375,266 $565,688
 Total Gain $112,354 $259,635 $448,993 $689,290
           
 Average Cash Flow/Year $2,627 $3,733 $4,915 $6,180
 Average Cash Flow/Month $219 $311 $410 $515
 Average Gain/Year $22,471 $25,963 $29,933 $34,465
 Average ROI 117.5% 271.4% 469.4% 720.6%
 Annual ROI 23.5% 27.1% 31.3% 36.0%
 Projected Property Value $456,245 $555,092 $675,354 $821,671

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet     1000 3,078 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 3 FAVORABLE
 Year Built     1970 1996 FAVORABLE
 Rent/Price (%)     0.75% 0.75% FAVORABLE
 Average Cash Flow (at year 5)     $125 $219 FAVORABLE
 Average ROI (at year 5)     15% 23.5% 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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