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New build opportunity in Raymore, MO (code:591)

Posted by Powered by Simply Do It on December 17, 2021
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  • NEW BUILD – ACT FAST
  • Beautiful home in a highly desired subdivision
  • Hard floors will be in kitchen and living room
  • Open concept floorplan with new stainless steel appliances
  • Quiet residential street
  • No (low) crime area
  • 6,800+ sq. foot lot
  • Wooded back yard
  • Estimated closing date 60-90 days 

*no mortgage payments will be due until property is finished

 

  Kansas City

  • # of Fortune 500 companies: 2
  • # of Fortune 1000 companies:9

Major companies headquartered in Kansas City: Hallmark, Saint Luke’s Healthcare system, Lockton companies, Kansas City Southern and Carondelet Health Network

 

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

  • Built: 2022
  • Size: 1700+ sq ft
  • Very low (if any) repair or improvement costs 
  • Quiet street, desirable community, good schools
  • Low crime

 

Property Specifications

1

 

Bedrooms

4

 

Bathrooms

3

 

Square Feet

1746

 

Year Built

2022

 

Garage Size

2

 

Schools Rating (on scale of 0-10)

B

 

Replacement Cost ($/SqFt)

$100

 

 

 

 

Purchase Assumptions

My Offer

 

Asking

$298,500

 

Suggested offer (low)

$298,500

 

Suggested offer (high)

$300,000

 

Suggested offer (options)

$298,500

 

Land Value (%)

25%

 

Building Value (%)

75%

 

Market Value (after improvements)

$280,000

 

Improvements (lower)

$1,500

 

Improvements (upper)

$2,500

 

Closing Costs

$3,000

 

Mortgage Costs

$3,000

 

Other Fees At Closing

$0

 

Total Cost

$306,500

 

 

 

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

8.3%

9.6%

10.8%

12.2%

Net Cash Flow

$33,613

$77,002

$131,185

$197,285

Equity Increase

$83,729

$185,004

$307,515

$455,727

Total Gain

$117,341

$262,006

$438,700

$653,013

 

 

 

 

 

 

Average Cash Flow/Year

$6,723

$7,700

$8,746

$9,864

Average Cash Flow/Month

$560

$642

$729

$822

Average Gain/Year

$23,468

$26,201

$29,247

$32,651

Average ROI

145.5%

325.0%

544.1%

809.9%

Annual ROI

29.1%

32.5%

36.3%

40.5%

Projected Property Value

$340,663

$414,468

$504,264

$613,514

 

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

Code: 591

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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. code 711

 

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