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Multi-Units GALORE! [Code: 5635-37-39] and [Code: 5652-5658]

Posted by Powered by Simply Do It on May 4, 2022
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Opportunity #1

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  • 9 bedroom, 3 bath multi-family property. 3 units total (three-3 bedroom, 2 bath units)
  • Each unit has a 1-car attached garage
  • Over $1000/mo. cash flow!!
  • This opportunity is to purchase 3 units from a 4 unit property.
  • Tenant pays for utilities and HOA covers mowing
  • This is the equivalent of purchasing 3 units at $156K each
  • Good school district
  • Further information regarding square footage is coming if interested

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

  • Built: 2000
  • Quiet residential street, 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: Kansas City

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

            Code: 5635-37-39


            Property Specifications 3 Per Door
             Bedrooms 9 3
             Bathrooms 6 2.0
             Square Feet   0
             Year Built 2000  
             Garage Size 3  
             Schools Rating (on scale of A-F) B  

            Purchase Assumptions My Offer Per Door
            Offer used for analysis $470,000 $156,667
            Suggested offer (low) $455,000 $151,667
            Suggested offer (high) $470,000 $156,667
            Asking $450,000 $150,000
            Market Value (after improvements) $455,000  
            Improvements (lower) $15,000 $5,000
            Improvements (upper) $20,000 $6,667
            Closing Costs $4,700  
            Mortgage Costs $4,700 $1,567
            Other Fees At Closing $0 $0
            Total Cost  $496,900 $1,567


            Financial Assumptions Monthly Yearly
            Rent (upper) $4,485 $4,785 $57,420
            Rent (lower) $4,185 $50,220
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $408 $4,900
             Insurance $300 $3,600
             Repairs $300 $3,600
            Variable-Cost PM 7.2%  
            Property Management Fee $321 $3,848
             Leasing Fee 68% $126.1 $1,514
             HOA $26 $312
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,648 $19,773
             Total Expenses (Fixed + Mortgage) $3,594 $43,131


            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 8.4% 9.6% 11.0% 12.5%
             Net Cash Flow $60,392 $139,226 $238,421 $360,096
             Equity Increase $126,250 $282,144 $474,789 $713,039
             Total Gain $186,643 $421,370 $713,210 $1,073,135
                       
             Average Cash Flow/Year $12,078 $13,923 $15,895 $18,005
             Average Cash Flow/Month $1,007 $1,160 $1,325 $1,500
             Average Gain/Year $37,329 $42,137 $47,547 $53,657
             Average ROI 129.3% 291.8% 493.9% 743.2%
             Annual ROI 25.9% 29.2% 32.9% 37.2%
             Projected Property Value $553,577 $673,511 $819,429 $996,961

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet   1000 0 INSUFFICIENT
             Bedrooms   3 9 FAVORABLE
             Bathrooms   2 6 FAVORABLE
             Year Built   1970 2000 FAVORABLE
             Rent/Price (%)   0.75% 1.02% FAVORABLE
             Average Cash Flow (at year 5) $125 $1,007 FAVORABLE
             Average ROI (at year 5) 15% 25.9% FAVORABLE

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            Opportunity #2
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            • 8 bedroom, 8 bath multi-family property. 4 units total (two-2 bedroom, 2 bath units)
            • Each unit has a 1-car attached garage
            • ~ $225/mo. cash flow!!
            • This is the equivalent of purchasing 4 units at $138K each
            • Good school district

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

            • Built: 2001
            • Quiet residential street, 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: Kansas City

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

                      Code: 5652-5658


                      Property Specifications 4 Per Door
                       Bedrooms 8 2
                       Bathrooms 8 2.0
                       Square Feet 3224 806
                       Year Built 2001  
                       Garage Size 4  
                       Schools Rating (on scale of A-F) B  

                      Purchase Assumptions My Offer Per Door
                      Offer used for analysis $550,000 $137,500
                      Suggested offer (low) $565,000 $141,250
                      Suggested offer (high) $575,000 $143,750
                      Asking $550,000 $137,500
                      Market Value (after improvements) $560,000  
                      Improvements (lower) $3,500 $875
                      Improvements (upper) $4,500 $1,125
                      Closing Costs $5,500  
                      Mortgage Costs $5,500 $1,375
                      Other Fees At Closing $0 $0
                      Total Cost  $565,000 $1,375

                      Financial Assumptions Monthly Yearly
                      Rent (upper) $4,200 $4,300 $51,600
                      Rent (lower) $4,100 $49,200
                       Property Tax Rate (Approx.) 1.4%  
                       Property Taxes $517 $6,200
                       Insurance $300 $3,600
                       Repairs $300 $3,600
                      Variable-Cost PM 7.2%  
                      Property Management Fee $300 $3,604
                       Leasing Fee 68% $118.1 $1,418
                       HOA $104 $1,248
                       Vacancy Rate 4.0%  
                       Total Fixed Expenses $1,795 $21,541
                       Total Expenses (Fixed + Mortgage) $4,073 $48,875


                      Financial Analysis / Deal Attractiveness        
                      Years: 5 10 15 20
                       Cap Rate 1.8% 2.8% 3.9% 5.1%
                       Net Cash Flow $13,513 $42,658 $89,060 $154,517
                       Equity Increase $153,709 $343,400 $577,672 $867,225
                       Total Gain $167,222 $386,058 $666,732 $1,021,743
                                 
                       Average Cash Flow/Year $2,703 $4,266 $5,937 $7,726
                       Average Cash Flow/Month $225 $355 $495 $644
                       Average Gain/Year $33,444 $38,606 $44,449 $51,087
                       Average ROI 109.7% 253.2% 437.2% 670.0%
                       Annual ROI 21.9% 25.3% 29.1% 33.5%
                       Projected Property Value $681,326 $828,937 $1,008,528 $1,227,029

                      Property Ratings Suggestions
                       Item      Suggested Criteria (Min.) This Property FAVORABLE /
                      INSUFFICIENT
                       Schools     B B FAVORABLE
                       Square Feet   1000 3,224 FAVORABLE
                       Bedrooms   3 8 FAVORABLE
                       Bathrooms   2 8 FAVORABLE
                       Year Built   1970 2001 FAVORABLE
                       Rent/Price (%)   0.75% 0.78% FAVORABLE
                       Average Cash Flow (at year 5) $125 $225 FAVORABLE
                       Average ROI (at year 5) 15% 21.9% 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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