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Location! Location! Location! [Code: 941]

Posted by Powered by Simply Do It on April 21, 2022
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After 15 Years (no mortgage)  
Original purchase price $280,000
Total investment (out of pocket) $82,420
15 yrs Project house value $524,075
Value (appreciation) Gain $244,075
15 yrs cash-flow generated $42,308
Total Gain $286,382
ROI (15 yrs) 347%
ROI (annually) 23%
   
Free & Clear cash flow (yr.) $18,491
Free & Clear cash flow (m) $1,541
  • 4 bedroom 1 1/2 bath single family property. 
  • Asking price has just been reduced by $5,000!!
  • 43 Days on the market already which gives great negotiation power! 
  • Over $100/mo. cash flow 
  • 2 car attached garage
  • Beautiful dark hard floors/carpet throughout 
  • The pictures seem as though there is a finished basement which would add square footage to the numbers shown.  Pending confirmation of this from the seller's agent. 
  • Needs a few minor repairs in the bathroom and back yard gutter (pictures included below)
  • Prime family location with restaurants/parks/entertainment nearby
  • Award winning A-rated schools
  • 8,276 square foot lot

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

  • Built: 1987
  • Size: 1,236  sq ft
  • Quiet residential street, 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: St. Louis

            Team: Nathan – email directly at stl1@simplydoit.net

            Code: 941


            Property Specifications 1
             Bedrooms 4
             Bathrooms 1.5
             Square Feet 1236
             Year Built 1987
             Garage Size 2
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $280,000
            Suggested offer (low) $280,000
            Suggested offer (high) $300,000
            Asking $291,000
            Market Value (after improvements) $291,000
            Improvements (lower) $5,000
            Improvements (upper) $8,000
            Closing Costs $2,960
            Mortgage Costs $2,960
            Other Fees At Closing $0
            Total Cost  $292,420

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,900 $2,000 $24,000
            Rent (lower) $1,800 $21,600
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $200 $2,400
             Insurance $110 $1,320
             Repairs $75 $900
            Variable-Cost PM 7.5%  
            Property Management Fee $143 $1,710
             Leasing Fee 75% $59.4 $713
             HOA $75 $900
             Vacancy Rate 4.0%  
             Total Fixed Expenses $732 $8,786
             Total Expenses (Fixed + Mortgage) $1,844 $22,122

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.5% 2.4% 3.4% 4.5%
             Net Cash Flow $6,249 $20,088 $42,308 $73,780
             Equity Increase $80,550 $179,580 $301,377 $451,234
             Total Gain $86,799 $199,668 $343,684 $525,014
                       
             Average Cash Flow/Year $1,250 $2,009 $2,821 $3,689
             Average Cash Flow/Month $104 $167 $235 $307
             Average Gain/Year $17,360 $19,967 $22,912 $26,251
             Average ROI 105.3% 242.3% 417.0% 637.0%
             Annual ROI 21.1% 24.2% 27.8% 31.8%
             Projected Property Value $354,046 $430,751 $524,075 $637,617

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,236 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 1.5 INSUFFICIENT
             Year Built   1970 1987 FAVORABLE
             Rent/Price (%)   0.75% 0.71% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $104 INSUFFICIENT
             Average ROI (at year 5) 15% 21.1% 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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