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Maximizing Your Portfolios Cash Flow with this Kansas City Find!! [Code: 404]

Posted by Powered by Simply Do It on May 9, 2024
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Why THIS deal??
  • ~$236/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$392/mo. at today's rates of 7.125%
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  • Single Family Home with 4 bedrooms and 2 full bathrooms
  • Fully finished basement
  • Freshly remodeled.  Little to no cosmetic work to be done for tenant make-ready
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 35 days so there could be room for negotiations either before or after inspections
  • Good schools
  • Fully fenced backyard.  Perfect for families and pets
  • Total gain at year 5 is estimated at around $91,000
  • No HOA charges
  • #cashflow  #appreciation

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

  • Built: 1969
  • Size:2,247 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: Kansas City

Team:  Chris – email directly at kc3@simplydoit.net

Code: 404

Property Specifications1
 Bedrooms4
 Bathrooms2
 Square Feet2247
 Year Built1969
 Garage Size0
 Schools Rating (scale 3-30, 30 is best)19
Lot size (sq ft)               14,156

Purchase AssumptionsMy Offer
Offer used for analysis$299,000
Suggested offer (low)$285,000
Suggested offer (high)$299,000
Asking$299,000
Market Value (after improvements)$300,000
Estimated Improvements (lower)$3,000
Estimated Improvements (upper)$6,000
Estimated Closing Costs$2,990
Estimated Mortgage Costs$2,407
Other Fees At Closing (pts, . . . )$2,093
Total Cost (estimated)$310,990

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$89,700
 Financed Amount$209,300
 Interest Rate 7.125%
 Mortgage Term (Years)30
 Monthly Mortgage Payment61.3%$1,410
 Cash Outlay (Total Out of Pocket) $101,690

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
$2,300$2,400$28,800
Rent (lower)*$2,200$26,400
    
Property Taxes $195$2,340
Insurance $150$1,800
Repairs75$100$1,200
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$164$1,973
Leasing Fee68%$64.7$776
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses33.0%$760$9,115
Total Expenses (Fixed + Mortgage)$2,014$24,173

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate2.8%4.5%6.4%8.6%
 Net Cash Flow$14,178$45,847$97,974$174,021
 Equity Increase$77,017$173,243$293,914$445,860
 Total Gain$91,195$219,090$391,888$619,882
      
 Average Cash Flow/Year$2,836$4,585$6,532$8,701
 Average Cash Flow/Month$236$382$544$725
 Average Gain/Year$18,239$21,909$26,126$30,994
 Average ROI89.7%215.4%385.4%609.6%
 Annual ROI17.9%21.5%25.7%30.5%
 Projected Property Value$364,996$444,073$540,283$657,337

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1419FAVORABLE
 Square Feet  1,0002,247FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701969INSUFFICIENT
 Average Cash Flow (at year 5)  $125$236FAVORABLE
 Average ROI (at year 5)  15%17.9%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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