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Off Market Opportunity with basement [code: 6619]

Posted by Powered by Simply Do It on February 16, 2022
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  • 3 bedroom 3 bath single family residence
  • Highly sought after neighborhood
  • Off Market Opportunity!  Property will be taking offers tomorrow

  • No (low) crime area
  • Around $200/mo. cash flow
  • Engineered wood floors, vaulted ceilings, granite countertops and new kitchen island
  • Finished basement with 3rd bathroom and laundry room
  •  2 car attached garage
  • A rated schools
  • 8,276 square foot lot

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

  • Built: 1986
  • Size: 1,738  sq ft
  • Quiet residential street, Desirable community, A 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/EJ – email directly at kc1@simplydoit.net

Code: 6619


Property Specifications 1
 Bedrooms 3
 Bathrooms 3
 Square Feet 1738
 Year Built 1986
 Garage Size 2
 Schools Rating (on scale of A-F) A

Purchase Assumptions My Offer
Offer used for analysis $300,000
Suggested offer (low) $300,000
Suggested offer (high) $310,000
Asking $295,000
Market Value (after improvements) $300,000
Improvements (lower) $1,500
Improvements (upper) $2,500
Closing Costs $3,000
Mortgage Costs $3,000
Other Fees At Closing $0
Total Cost  $308,000

Financial Assumptions Monthly Yearly
Rent (upper) $1,945 $1,995 $23,940
Rent (lower) $1,895 $22,740
 Property Tax Rate (Approx.) 1.4%  
 Property Taxes $258 $3,096
 Insurance $100 $1,200
 Repairs $100 $1,200
Variable-Cost PM 7.2%  
Property Management Fee $139 $1,669
 Leasing Fee 68% $54.7 $656
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $724 $8,688
 Total Expenses (Fixed + Mortgage) $1,798 $21,578

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.8% 3.8% 4.8% 5.9%
 Net Cash Flow $11,798 $31,532 $60,028 $98,198
 Equity Increase $86,489 $191,810 $320,063 $476,241
 Total Gain $98,287 $223,342 $380,091 $574,440
           
 Average Cash Flow/Year $2,360 $3,153 $4,002 $4,910
 Average Cash Flow/Month $197 $263 $333 $409
 Average Gain/Year $19,657 $22,334 $25,339 $28,722
 Average ROI 118.4% 269.1% 457.9% 692.1%
 Annual ROI 23.7% 26.9% 30.5% 34.6%
 Projected Property Value $364,996 $444,073 $540,283 $657,337


Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B A FAVORABLE
 Square Feet   1000 1,738 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 1986 FAVORABLE
 Rent/Price (%)   0.75% 0.67% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $197 FAVORABLE
 Average ROI (at year 5) 15% 23.7% 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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