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Perfect Beginner Investment Opportunity! [Code: 140]

Posted by Powered by Simply Do It on June 21, 2024

Why THIS deal??
  • ~$126/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$61/mo. at today's rates of 6.75%

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  • Single Family Home with 3 bedrooms and 2 full bathrooms
  • Recent price drop of $19K on 6/12/2024
  • Great location with quick access to major commuting routes, shopping and schools
  • Low down payment to get into the market
  • Perfect for a beginner investor!
  • Highly appreciating area with strong rental market
  • Property has been on the market for 151 days so there could be room for negotiations
  • Good schools
  • Low HOA charges
  • #cashflow  #appreciation  #beginner

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

  • Built: 2002
  • Size:1,469 square foot home
  • Low Crime, 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: Birmingham

Team: Carter  – email directly at

Code: 140

Property Specifications1
 Square Feet1469
 Year Built2002
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)13
Lot size (sq ft)                 5,227

Purchase AssumptionsMy Offer
Offer used for analysis$190,000
Suggested offer (low)$185,000
Suggested offer (high)$200,000
Market Value (after improvements)$200,000
Estimated Improvements (lower)$4,000
Estimated Improvements (upper)$8,000
Estimated Closing Costs$1,900
Estimated Mortgage Costs$1,530
Other Fees At Closing (pts, . . . )$1,330
Total Cost (estimated)$200,760

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$57,000
 Financed Amount$133,000
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment59.5%$863
 Cash Outlay (Total Out of Pocket) $67,760

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
Rent (lower)*$1,400$16,800
Property Taxes $150$1,800
Insurance $125$1,500
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$116$1,392
Leasing Fee60%$36.3$435
HOA or Fixed Costs$33$396
Vacancy Rate 4.0% 
Total Fixed Expenses40.6%$589$7,063
Total Expenses (Fixed + Mortgage)$1,451$17,415

Financial Analysis / Deal Attractiveness   
 Cap Rate1.1%2.6%4.3%6.2%
 Net Cash Flow$3,649$17,569$43,545$83,663
 Equity Increase$51,476$115,599$195,707$296,100
 Total Gain$55,126$133,168$239,252$379,763
 Average Cash Flow/Year$730$1,757$2,903$4,183
 Average Cash Flow/Month$61$146$242$349
 Average Gain/Year$11,025$13,317$15,950$18,988
 Average ROI81.4%196.5%353.1%560.5%
 Annual ROI16.3%19.7%23.5%28.0%
 Projected Property Value$243,331$296,049$360,189$438,225

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Schools (scale of 3-30, 30 is the best) 1413INSUFFICIENT
 Square Feet  1,0001,469FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19702002FAVORABLE
 Average Cash Flow (at year 5)  $125$61INSUFFICIENT
 Average ROI (at year 5)  15%16.3%FAVORABLE





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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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