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Lovely Kansas City Metro Split-Level [Code: 1701]

Posted by Powered by Simply Do It on May 9, 2022
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After 15 Years (no mortgage)  
Original purchase price $239,000
Total investment (out of pocket) $69,030
15 yrs Project house value $435,828
Value (appreciation) Gain $196,828
15 yrs cash-flow generated $67,765
Total Gain $264,594
ROI (15 yrs) 383%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $19,148
Free & Clear cash flow (m) $1,596

  • 3 Bedroom, 2.5 bathroom single family home
  • Quiet after residential street
  • Just on the market today
  • Fully Fenced back yard with large wood deck
  • Finished walk out basement with living room and half bath
  • New exterior paint
  • ~ $240/mo. cash flow 
  • Vaulted ceiling and fireplace
  • Prime family location with restaurants/shopping/activities nearby
  • A-rated school District
  • 9,000 square foot lot

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

  • Built: 1998
  • Size: 1,573
  • 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: Kansas City

            Team: Meredith – email directly at kc1@simplydoit.net

            Code: 1071


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1573
             Year Built 1998
             Garage Size 2
             Schools Rating (on scale of A-F) A

            Purchase Assumptions My Offer
            Offer used for analysis $239,000
            Suggested offer (low) $245,000
            Suggested offer (high) $260,000
            Asking $239,000
            Market Value (after improvements) $242,000
            Improvements (lower) $4,000
            Improvements (upper) $5,000
            Closing Costs $2,390
            Mortgage Costs $2,390
            Other Fees At Closing $0
            Total Cost  $248,280

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,845 $1,895 $22,740
            Rent (lower) $1,795 $21,540
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $183 $2,200
             Insurance $100 $1,200
             Repairs $100 $1,200
            Variable-Cost PM 7.2%  
            Property Management Fee $132 $1,583
             Leasing Fee 68% $51.9 $623
             HOA $0 $0
             Vacancy Rate 4.0%  
             Total Fixed Expenses $636 $7,628
             Total Expenses (Fixed + Mortgage) $1,653 $19,841

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.2% 5.3% 6.5% 7.8%
             Net Cash Flow $14,455 $36,771 $67,765 $108,341
             Equity Increase $65,944 $147,514 $248,518 $373,721
             Total Gain $80,400 $184,285 $316,283 $482,062
                       
             Average Cash Flow/Year $2,891 $3,677 $4,518 $5,417
             Average Cash Flow/Month $241 $306 $376 $451
             Average Gain/Year $16,080 $18,429 $21,086 $24,103
             Average ROI 116.5% 267.0% 458.2% 698.3%
             Annual ROI 23.3% 26.7% 30.5% 34.9%
             Projected Property Value $294,430 $358,219 $435,828 $530,252

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,573 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 1998 FAVORABLE
             Rent/Price (%)   0.75% 0.79% FAVORABLE
             Average Cash Flow (at year 5) $125 $241 FAVORABLE
             Average ROI (at year 5) 15% 23.3% 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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