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Knock, Knock! Opportunity is at Your Doorstep! [Code: 1301]

Posted by Powered by Simply Do It on June 17, 2024

Why THIS deal??
  • ~$303/mo. cash flow once you can re0fi to 6.0% 
  • Cash flows at ~$210/mo. at today's rates of 6.875%

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  • Single Family Home with 4 bedrooms and 3 full bathrooms
  • Located DIRECTLY across the street from a park and basketball court!
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Backyard appears to be fully fenced
  • Property has been on the market for 17 days so there could be room for negotiations
  • Good schools
  • Finished basement adds additional living area
  • LVP throughout and new carpet in bedrooms
  • Upgraded countertops
  • Tons of space!
  • Two bathrooms look as though they need some updating.  Costs have been factored into improvement estimates.
  • No HOA charges
  • #cashflow  #appreciation  

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

  • Built: 1987
  • Size: 2,180 square foot home
  • Low Crime, Desirable Community, A/B 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: Chris

Team: Kansas City  – email directly at

Code: 1301

Property Specifications1
 Square Feet2180
 Year Built1987
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)19
Lot size (sq ft)               12,068

Purchase AssumptionsMy Offer
Offer used for analysis$299,000
Suggested offer (low)$290,000
Suggested offer (high)$309,000
Market Value (after improvements)$310,000
Estimated Improvements (lower)$3,000
Estimated Improvements (upper)$8,500
Estimated Closing Costs$2,990
Estimated Mortgage Costs$2,407
Other Fees At Closing (pts, . . . )$2,093
Total Cost (estimated)$312,240

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$89,700
 Financed Amount$209,300
 Interest Rate 6.875%
 Mortgage Term (Years)30
 Monthly Mortgage Payment61.1%$1,375
 Cash Outlay (Total Out of Pocket) $102,940

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
Rent (lower)*$2,200$26,400
Property Taxes $210$2,520
Insurance $150$1,800
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$161$1,931
Leasing Fee68%$63.3$759
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses34.1%$768$9,213
Total Expenses (Fixed + Mortgage)$2,143$25,712

Financial Analysis / Deal Attractiveness   
 Cap Rate2.4%4.1%5.9%8.0%
 Net Cash Flow$12,598$42,146$91,532$164,121
 Equity Increase$79,710$179,102$303,424$459,468
 Total Gain$92,309$221,248$394,956$623,589
 Average Cash Flow/Year$2,520$4,215$6,102$8,206
 Average Cash Flow/Month$210$351$509$684
 Average Gain/Year$18,462$22,125$26,330$31,179
 Average ROI89.7%214.9%383.7%605.8%
 Annual ROI17.9%21.5%25.6%30.3%
 Projected Property Value$377,162$458,876$558,292$679,248

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Schools (scale of 3-30, 30 is the best) 1419FAVORABLE
 Square Feet  1,0002,180FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19701987FAVORABLE
 Average Cash Flow (at year 5)  $125$210FAVORABLE
 Average ROI (at year 5)  15%17.9%FAVORABLE



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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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