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Investment Opportunity St. Louis

Posted by Powered by Simply Do It on November 19, 2021
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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)
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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!

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