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Meticulously cared for home in Kansas City, MO [Code 509]

Posted by Powered by Simply Do It on January 6, 2022
0

 

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  • Unfinished basement (not included in square footage) that can be completed to double living space. This is a huge opportunity for increasing property value and potential rental income.
  • Good local school district
  • Maintenance free siding with so many updates throughout
  • Fully fenced large back yard.  Perfect for families and pets
  • No (low) crime area
  • Walking distance to local elementary school
  • 7,800 sq. foot lot 

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

  • Built: 1989
  • Size: 1,300+ sq ft (not including basement)  sitting on a 7,800 square foot lot
  • Quiet residential street, Desirable community, great schools
  • Little to no updates needed

 

Property Specifications

1

Bedrooms

3

Bathrooms

2

Square Feet

1302

Year Built

1989

Garage Size

2

Schools Rating (on scale of A-F)

B

 

 

Purchase Assumptions

My Offer

Offer used for analysis

$230,000

Suggested offer (low)

$225,000

Suggested offer (high)

$230,000

Asking

$225,000

Market Value (after improvements)

$230,000

Improvements (lower)

$1,500

Improvements (upper)

$2,500

Closing Costs

$2,300

Mortgage Costs

$2,300

Other Fees At Closing

$0

Total Cost

$236,600

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

8.5%

9.7%

10.9%

12.3%

Net Cash Flow

$27,134

$61,869

$104,996

$157,390

Equity Increase

$67,870

$149,874

$248,968

$368,730

Total Gain

$95,004

$211,743

$353,964

$526,120

 

 

 

 

 

 

Average Cash Flow/Year

$5,427

$6,187

$7,000

$7,870

Average Cash Flow/Month

$452

$516

$583

$656

Average Gain/Year

$19,001

$21,174

$23,598

$26,306

Average ROI

148.2%

330.3%

552.2%

820.8%

Annual ROI

29.6%

33.0%

36.8%

41.0%

Projected Property Value

$279,830

$340,456

$414,217

$503,958

 

 

Property Ratings Suggestions

Item

 

 

Suggested Criteria (Min.)

This Property

FAVORABLE /
INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

1,302

FAVORABLE

Bedrooms

 

3

3

FAVORABLE

Bathrooms

 

2

2

FAVORABLE

Year Built

 

1970

1989

FAVORABLE

Rent/Price (%)

 

0.75%

0.82%

FAVORABLE

Average Cash Flow (at year 5)

$125

$452

FAVORABLE

Average ROI (at year 5)

15%

29.6%

FAVORABLE

 

 

 

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Metro: Kansas City

Team: Meredith/EJ

Code: 509

 

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.


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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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