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Make Sure You’re Not Missing Out On This Value-Add Opportunity! 📌 [Code: 30]

Posted by Powered by Simply Do It on August 28, 2024
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Why THIS deal??
  • ~$249/mo. cash flow once you can refi to 6.00% 
  • Cash flows at ~$210/mo. at today's rates of 6.375%

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  • Single family home with 4 bedrooms and 2 full bathrooms 
  • Location has quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 20 days
  • Walk-through video available upon request! 
  • Value-Add Opportunity!
  • Property is being sold as part of a divorce and asking price covers what is owed and agent fees only per the seller's agent
  • Walking distance to a local sports complex
  • This house has been rebuilt from a previous fire so is newer than the other homes in the neighborhood
  • No HOA charges
  • #cashflow  #appreciation  #valueadd

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

  • Built: 2006
  • Size:1,752 square foot home
  • Low Crime, Desirable Community, 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:  Andrew

Team: Birmingham  – email at jessica@simplydoit.net

Code: 30

Property Specifications1
 Bedrooms4
 Bathrooms2
 Square Feet1752
 Year Built2006
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)15
Lot size (sq ft)17,621
Purchase AssumptionsMy Offer
Offer used for analysis$225,000
Suggested offer (low)$220,000
Suggested offer (high)$225,000
Asking$230,000
Market Value (after improvements)$255,000
Day-1 Equity$30,000
Estimated Improvements (lower)$15,000
Estimated Improvements (upper)$28,500
Estimated Closing Costs$4,500
Estimated Mortgage Costs$1,575
Other Fees At Closing (pts, . . . )$1,575
Total Cost (estimated)$254,400
Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$67,500
 Financed Amount$157,500
 Interest Rate6.375%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$983
 Cash Outlay (Total Out of Pocket)$96,900
Estimated Financial Assumptions MonthlyYearly

Rent (upper)*
$1,725$1,800$21,600
Rent (lower)*$1,650$19,800
 
Property Taxes$150$1,800
Insurance$125$1,500
Repairs75$75$900
Property Management Monthly (%)8.0%
Property Management Monthly ($)$138$1,656
Leasing Fee60%$43.1$518
Garbage Fee$15$180
Vacancy Rate4.0%
Total Fixed Expenses$610$7,315
Total Expenses (Fixed + Mortgage)$1,592$19,106
Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.6%3.9%5.4%7.0%
 Net Cash Flow$12,620$38,048$78,468$136,431
 Equity Increase$65,523$146,862$248,049$374,216
 Total Gain$78,144$184,910$326,517$510,648
 Average Cash Flow/Year$2,524$3,805$5,231$6,822
 Average Cash Flow/Month$210$317$436$568
 Average Gain/Year$15,629$18,491$21,768$25,532
 Average ROI80.6%190.8%337.0%527.0%
 Annual ROI16.1%19.1%22.5%26.3%
 Projected Property Value$310,246$377,462$459,241$558,736

Property Ratings Suggestions
 Item Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best)1415FAVORABLE
 Square Feet1,0001,752FAVORABLE
 Bedrooms34FAVORABLE
 Bathrooms22FAVORABLE
 Year Built19702006FAVORABLE
 Average Cash Flow (at year 5)$125$210FAVORABLE
 Average ROI (at year 5)15%16.1%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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