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KC home with great ROI [code: 3951]

Posted by Powered by Simply Do It on February 6, 2022
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  • 3 bedroom 2.5 bath home
  • Located at the end of a cul de sac
  • Large fully fenced and  treed backyard with wood deck  
  • No (low) crime area
  • Almost $400/mo. cash flow
  • Hardwood flooring throughout
  • Partially finished basement – Great opportunity to add living space
  • HOA amenities: club house, swimming pool, tennis courts, walking trails, lake access and play areas.
  • Walking distance to the swimming pool.  Neighborhood has a swim team!
  • Attached 2-car garage
  • 10,018 square foot lot

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

  • Built: 1985
  • Size: 1,492  sq ft
  • Quiet residential street, Desirable community, great local 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/EJ – email directly at kc1@simplydoit.net

Code: 3951

Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 1492
 Year Built 1985
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $285,000
Suggested offer (low) $285,000
Suggested offer (high) $300,000
Asking $280,000
Market Value (after improvements) $285,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $2,850
Mortgage Costs $2,850
Other Fees At Closing $0
Total Cost  $292,700

Financial Assumptions Monthly Yearly
Rent (upper) $2,145 $2,195 $26,340
Rent (lower) $2,095 $25,140
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $258 $3,096
 Insurance $117 $1,404
 Repairs $100 $1,200
Variable-Cost PM 7.2%  
Property Management Fee $153 $1,840
 Leasing Fee 68% $60.3 $724
 HOA $46 $552
 Vacancy Rate 4.0%  
 Total Fixed Expenses $814 $9,772
 Total Expenses (Fixed + Mortgage) $1,804 $21,651

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 6.0% 7.1% 8.3% 9.5%
 Net Cash Flow $23,702 $56,052 $97,952 $150,394
 Equity Increase $82,956 $183,656 $305,897 $454,290
 Total Gain $106,658 $239,708 $403,849 $604,684
           
 Average Cash Flow/Year $4,740 $5,605 $6,530 $7,520
 Average Cash Flow/Month $395 $467 $544 $627
 Average Gain/Year $21,332 $23,971 $26,923 $30,234
 Average ROI 135.1% 303.6% 511.5% 765.9%
 Annual ROI 27.0% 30.4% 34.1% 38.3%
 Projected Property Value $346,746 $421,870 $513,269 $624,470

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,492 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2.5 FAVORABLE
 Year Built   1970 1985 FAVORABLE
 Rent/Price (%)   0.75% 0.77% FAVORABLE
 Average Cash Flow (at year 5) $125 $395 FAVORABLE
 Average ROI (at year 5) 15% 27.0% 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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