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KC Value-Add Find with Cash Flow! [code: 1724]

Posted by Powered by Simply Do It on December 7, 2022
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Why THIS deal??
  • ~$345/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$181 at today's rates of 6.25%
  • 34 Days on the market.  Great negotiation tool! 
  • Price has already been reduced by $18,500 since being originally listed.  Seller seems motivated! 
  • Partially finished basement with value-add opportunity (cost of finishing included in improvement costs)
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After 15 Years (no mortgage)
Original purchase price $200,000
Total investment (out of pocket) $64,500
15 yrs Project house value $405,212
Value (appreciation) Gain $205,212
15 yrs cash-flow generated $54,084
Total Gain $259,297
ROI (15 yrs) 402%
ROI (annually) 27%
   
Free & Clear cash flow (yr.) $16,811
Free & Clear cash flow (m) $1,401
  • 3 bedroom, 2 bath Single Family Home 
  • Quiet cul-de-sac location
  • All window coverings stay
  • HVAC was replaced less than a year ago
  • new gutter guards
  • A rated schools
  • No HOA charges
  • Attached 2-car garage
  • 0.26 acre lot


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

  • Built: 2005
  • Size: 2,450 square foot home
  • Low Crime, Desirable Community, A-Rated 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  – email directly at kc1@simplydoit.net

Code: 1724

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 2450
 Year Built 2005
 Garage Size 2
 Schools Rating (on scale of A-C) A

Purchase Assumptions My Offer Per Door
Offer used for analysis $200,000  
Suggested offer (low) $200,000  
Suggested offer (high) $211,500  
Asking $211,500  
Market Value (after improvements) $225,000  
Improvements (lower) $3,000  
Improvements (upper) $18,000 value-add
Closing Costs $2,000  
Mortgage Costs $2,000  
Other Fees At Closing $0  
Total Cost  $214,500  

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $50,000
 Financed Amount $150,000
 Interest Rate  (5/6 ARM) 6.250%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $924
 Cash Outlay (Total Out of Pocket) $64,500

Financial Assumptions Monthly Yearly
Rent (upper) $1,650 $1,700 $20,400
Rent (lower) $1,600 $19,200
Property Tax Rate (Approx.) 1.4%  
Property Taxes   $190 $2,280
Insurance   $100 $1,200
Repairs   $75 $900
Variable-Cost PM   7.0%  
Property Management Fee $116 $1,386
Leasing Fee 68% $46.4 $557
HOA   $0 $0
Vacancy Rate   4.0%  
Total Fixed Expenses $588 $7,059
 Total Expenses (Fixed + Mortgage) $1,512 $18,142

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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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