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If you don’t buy this, I will!! [Code: 5501]

Posted by Powered by Simply Do It on August 10, 2023
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Why THIS deal??
  • ~$1,125/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$850/mo. at today's rates of 6.75%
  • 10 year NET gains of $372,000 (not including tax benefits)
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Mortgage Acceleration
Applying your annual cash flow (EPP*)$10,210
Applying your monthly cash flow (EPP*)$851
Years to payoff mortgage 13
Interest paid over 30 years$379,383
Int. paid in 13 yrs, using EPP$146,581
Your int. savings$232,802
If you make an extra payment every year of $10,210 (which is your annual cash flow) you will pay off your mortgage in 13 years, and save $232,802 on interest.
  • 5 bedroom, 3.5 bath Single Family Home 
  • Great location with quick access to major commuting routes, shopping and schools
  • All appliances stay, including the refrigerator and projector in the basement!
  • Being sold As-Is.  Seller's are buying another home and want a fast closing.
  • Highly rated schools
  • $5,000 flooring allowance
  • Rent comps have been looked at by 2 property managers for accuracy
  • Low HOA charges
  • Finished basement
  • Attached 2-car garage
  • 9,148 square foot lot


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

  • Built: 2005
  • Size: 3,716 square foot home
  • Low Crime, Desirable Community, Good 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: Jeanette/Candice  – email directly at kc2@simplydoit.net

Code: 5501

Property Specifications1
 Bedrooms5
 Bathrooms3.5
 Square Feet3716
 Year Built2005
 Garage Size2
 Schools Rating (on scale of A-C)B

Purchase AssumptionsMy Offer
Offer used for analysis$410,000
Suggested offer (low)$396,000
Suggested offer (high)$410,000
Asking$410,000
Market Value (after improvements)$415,500
Improvements (lower)$3,000
Improvements (upper)$7,000
Closing Costs$4,100
Mortgage Costs$4,100
Other Fees At Closing (pts, . . . )$4,100
Total Cost $427,300
Original listing date8/8/23
DOM (days on market – TODAY)2

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$123,000
 Financed Amount$287,000
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,861
 Cash Outlay (Total Out of Pocket) $140,300

Financial AssumptionsMonthlyYearly
Rent (upper)$3,550$3,800$45,600
Rent (lower)$3,300$39,600
Property Tax Rate (Approx.)   
Property Taxes $350$4,200
Insurance $199$2,380
Repairs $75$900
Property Management Monthly (%)7.0% 
Property Management Monthly ($)$100$1,200
Leasing Fee#N/A$110.9$1,331
HOA or Fixed Costs$38$456
Vacancy Rate 4.0% 
Total Fixed Expenses28%$1,011$12,131
 Total Expenses (Fixed + Mortgage)$2,872$34,469

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate7.3%9.3%11.6%14.1%
 Net Cash Flow$51,049$130,682$243,729$395,818
 Equity Increase$107,596$241,728$409,435$619,798
 Total Gain$158,645$372,410$653,164$1,015,616
      
 Average Cash Flow/Year$10,210$13,068$16,249$19,791
 Average Cash Flow/Month$851$1,089$1,354$1,649
 Average Gain/Year$31,729$37,241$43,544$50,781
 Average ROI113.1%265.4%465.5%723.9%
 Annual ROI22.6%26.5%31.0%36.2%
 Projected Property Value$505,519$615,042$748,292$910,412

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet  1,0003,716FAVORABLE
 Bedrooms  35FAVORABLE
 Bathrooms  23.5FAVORABLE
 Year Built  19702005FAVORABLE
 Rent/Price (%)  0.75%0.93%FAVORABLE
 Average Cash Flow (at year 5)  $125$851FAVORABLE
 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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