click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next
Advanced Search
Your search results

Investment Opportunity St. Louis

Posted by Powered by Simply Do It on November 19, 2021
0

Here's a great investment opportunity to invest in a home with some value add potential! 
92 Beachcomber Dr, St Louis, Missouri 63146
Metro: St Louis
Team: Nathan Dehn // (314) 607-6252 // Nathan Dehn nathandehn.re@gmail.com
Suggested Offer:
Purchase Price: $260k (Asking is $265k)
Earnest Money: $3k
Financing: appraisal contingency
Other Terms: none
Close Date: 30 days, or sooner if cash. 
If this is not the right opportunity for you, but love the area, here's another opportunity and I can send you more info about it: 12320 Design Lane (estimated $3800/yr in cash flow)
image.png

image.png

image.png

Agent: What I love about this deal:
  • Grade A neighborhood
  • Centrally located in St. Louis close to the most major highway (I 270)
  • Average home price is $250k in neighborhood (so you're not buying the best house on the block)
  • Average rent in zipcode is over $2000
  • Extremely close to commercial stores like Kohls, Trader Joes, ALDI, and many restaurants.
  • This neighborhood has seen an average of 7% appreciation each year over the past 10 years. 
Estimated optional repairs to increase value and rentability:
– bathrooms
– basement flooring
-basement paint walls
A Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 2100
 Year Built 1960
 Garage Size 0
 Schools Rating (on scale of 0-10) A-
Replacement Cost ($/SqFt) $100
B Purchase Assumptions My Offer
Asking $265,000
Suggested offer (low) $255,000
Suggested offer (high) $260,000
Suggested offer (options) $260,000
Land Value (%) 25%
Building Value (%) 75%
 Market Value (after improvements) $275,000
 Improvements (lower) $10,000
 Improvements (upper) $15,000
 Closing Costs $2,500
 Mortgage Costs $2,500
 Other Fees At Closing  
 Total Cost  $277,500
F Financial Assumptions Monthly Yearly %
Rent (upper) $1,850 $1,900 $22,800  
Rent (lower) $1,800 $21,600  
 Property Tax Rate (Approx.) 1.42%    
 Property Taxes $270 $3,250 15%
 Insurance $85 $1,020 5%
 Repairs $100 $1,200 5%
Variable-Cost PM 7.5%    
Property Management Fee $139 $1,665 8%
 Leasing Fee 75% $57.8 $694 3%
 HOA $22 $270 1%
 Vacancy Rate 4.0%    
 Total Fixed Expenses $742 $8,904 40%
 Total Expenses (Fixed + Mortgage) $1,618 $19,412 87%
1 Financial Analysis / Deal Attractiveness
Years: 5 10 15 20
 Cap Rate 4.0% 4.9% 5.8% 6.8%
 Net Cash Flow $16,654 $40,509 $72,316 $112,901
 Equity Increase $79,670 $176,085 $292,773 $434,010
 Total Gain $96,324 $216,595 $365,089 $546,911
           
 Average Cash Flow/Year $3,331 $4,051 $4,821 $5,645
 Average Cash Flow/Month $278 $338 $402 $470
 Average Gain/Year $19,265 $21,659 $24,339 $27,346
 Average ROI 116.8% 262.5% 442.5% 662.9%
 Annual ROI 23.4% 26.3% 29.5% 33.1%
 Projected Property Value $334,580 $407,067 $495,259 $602,559

With a higher budget for updates, could push the rent up to $2100
Lots of comparable homes in this area! 

Please text, call, or email me back if you're interested in this awesome opportunity!

Leave a Reply

Compare Listings