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Must See St. Louis home with good cash flow [code 5602]

Posted by Powered by Simply Do It on February 10, 2022
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  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood in South City St. Louis
  • Fully remodeled and upgraded
  • No (low) crime area
  • Over $475/mo. cash flow
  • Hardwood flooring throughout
  • Partially finished walk out basement with updated, lounging area, full bathroom and sleep area
  • Oversized 2 car detached garage
  • Property is sandwiched between two A+ (10/10) rated private schools within 1/2 mile from the home
  • Easy access to highway 64/44
  • Covered outdoor sitting area that opens to the large yard
  • 6,665 square foot lot
  • This area attracts young professional tenants seeking quiet walkability to local grocery stores, restaurants and pubs.  Also easy access to  the best city parks St. Louis has to offer.  There are nearby businesses, hospitals & parochial schools such as Barnes Jewish Hospital, St. Louis University Medical & Dental School, & Anheuser Busch.  It's the time to buy in this area due to the upcoming spring market for immediate tenancy for approved and qualified tenants!  Most tenants provide double income salaries seeking properties like this with a projected target rent of $2,000/mo.  

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

  • Built: 1957 
  • Size: 1,747  sq ft
  • Quiet residential street, Desirable community, good 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: St. Louis

Team: Alicia – email directly at stl2@simplydoit.net

Code: 5602

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1747
 Year Built 1952
 Garage Size 2
 Schools Rating (on scale of A-F) C

*Please see note above about schools in this neighborhood

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $56,250
 Financed Amount $168,750
 Interest Rate 3.88%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $794
 Cash Outlay (Total Out of Pocket) $64,500

Purchase Assumptions My Offer
Offer used for analysis $225,000
Suggested offer (low) $225,000
Suggested offer (high) $225,000
Asking $225,000
Market Value (after improvements) $225,000
Improvements (lower) $2,500
Improvements (upper) $5,000
Closing Costs $2,250
Mortgage Costs $2,250
Other Fees At Closing $0
Total Cost  $233,250

Financial Assumptions Monthly Yearly
Rent (upper) $1,900 $2,000 $24,000
Rent (lower) $1,800 $21,600
 Property Tax Rate (Approx.) 1.3%  
 Property Taxes $230 $2,760
 Insurance $100 $1,200
 Repairs $75 $900
Variable-Cost PM 7.5%  
Property Management Fee $143 $1,710
 Leasing Fee 75% $59.4 $713
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $677 $8,126
 Total Expenses (Fixed + Mortgage) $1,471 $17,648

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 8.9% 10.1% 11.5% 12.9%
 Net Cash Flow $28,752 $65,452 $110,927 $166,091
 Equity Increase $65,177 $144,422 $240,771 $357,916
 Total Gain $93,929 $209,874 $351,698 $524,007
           
 Average Cash Flow/Year $5,750 $6,545 $7,395 $8,305
 Average Cash Flow/Month $479 $545 $616 $692
 Average Gain/Year $18,786 $20,987 $23,447 $26,200
 Average ROI 145.6% 325.4% 545.3% 812.4%
 Annual ROI 29.1% 32.5% 36.4% 40.6%
 Projected Property Value $273,747 $333,055 $405,212 $493,003

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B C INSUFFICIENT
 Square Feet   1000 1,747 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1952 INSUFFICIENT
 Rent/Price (%)   0.75% 0.89% FAVORABLE
 Average Cash Flow (at year 5) $125 $479 FAVORABLE
 Average ROI (at year 5) 15% 29.1% 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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