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Kansas City Strong Cashflow 1993 Built – recently listed [Code 1033]

Posted by Powered by Simply Do It on December 16, 2021
0

 

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  • NEWLY LISTED – ACT FAST
  • Beautiful home in a highly desired subdivision. 
  • Sits on at the end of a cul-de sac
  • No (low) crime area
  • Updated luxury vinyl plank floors throughout
  • 10,000+ sq. foot lot
  • Fully fenced backyard
  • Asking is $250k, but suggested offer is $275k
  • The subdivision has a neighborhood pool walking distance from this home- HOA is $13/mo.

 

  Kansas City

  • # of Fortune 500 companies: 2
  • # of Fortune 1000 companies:9

Major companies headquartered in Kansas City: Hallmark, Saint Luke’s Healthcare system, Lockton companies, Kansas City Southern and Carondelet Health Network

 

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

  • Built: 1993
  • Size: 1800+ sq ft
  • Very low repair or improvement costs 
  • Quiet street, desirable community, good schools
  • Low crime

 

 

What’s next?

Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.

 

 

Property Specifications

1

 

Bedrooms

3

 

Bathrooms

2.5

 

Square Feet

1836

 

Year Built

1993

 

Garage Size

2

 

Schools Rating (on scale of A-F)

B

 

 

 

 

Purchase Assumptions

My Offer

 

Offer used for analysis

$275,000

 

Suggested offer (low)

$270,000

 

Suggested offer (high)

$275,000

 

Asking

$250,000

 

Market Value (after improvements)

$225,000

 

Improvements (lower)

$1,000

 

Improvements (upper)

$1,500

 

Closing Costs

$2,500

 

Mortgage Costs

$2,500

 

Other Fees At Closing

$0

 

Total Cost

$281,250

 

 

Property Ratings Suggestions

Item

 

 

Suggested Criteria (Min.)

This Property

FAVORABLE /
INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

1,836

FAVORABLE

Bedrooms

 

3

3

FAVORABLE

Bathrooms

 

2

2.5

FAVORABLE

Year Built

 

1970

1993

FAVORABLE

Rent/Price (%)

 

0.75%

0.80%

FAVORABLE

Average Cash Flow (at year 5)

$125

$430

FAVORABLE

Average ROI (at year 5)

15%

25.6%

FAVORABLE

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

6.9%

8.0%

9.2%

10.5%

Net Cash Flow

$25,811

$60,021

$103,504

$157,224

Equity Increase

$70,316

$155,184

$257,631

$381,315

Total Gain

$96,127

$215,205

$361,134

$538,538

 

 

 

 

 

 

Average Cash Flow/Year

$5,162

$6,002

$6,900

$7,861

Average Cash Flow/Month

$430

$500

$575

$655

Average Gain/Year

$19,225

$21,521

$24,076

$26,927

Average ROI

128.2%

286.9%

481.5%

718.1%

Annual ROI

25.6%

28.7%

32.1%

35.9%

Projected Property Value

$273,747

$333,055

$405,212

$493,003

 

 

 

 

 

 

Metro: Kansas City

Team: Meredith

Code: 1033

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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. code 711

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