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Picture Perfect Rental near St. Louis Metro [Code: 26]

Posted by Powered by Simply Do It on March 1, 2022
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After 15 Years (no mortgage)  
Original purchase price $350,000
Total investment (out of pocket) $98,250
15 yrs Project house value $630,330
Value (appreciation) Gain $280,330
15 yrs cash-flow generated $46,069
Total Gain $326,399
ROI (15 yrs) 332%
ROI (annually) 22%
   
Free & Clear cash flow (yr.) $20,727
Free & Clear cash flow (m) $1,727
  • 4 bedroom 3 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Around $100/mo. cash flow 
  • This area has seen 9.3% appreciation over the past 10 years.  Higher than the average for this metro
  • Centrally located and close to downtown
  • Oversized 2 car attached garage
  • Good schools
  • Full walk-out basement.  Unfinished for additional square footage opportunity. 
  • Large 0.31 Acre lot with new back deck (2020)

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

  • Built: 1985
  • Size: 2,478  sq ft
  • 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: St. Louis

Team: Nathan – email directly at stl1@simplydoit.net

Code: 26


Property Specifications 1
 Bedrooms 4
 Bathrooms 3
 Square Feet 2478
 Year Built 1985
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $350,000
Suggested offer (low) $350,000
Suggested offer (high) $350,000
Asking $350,000
Market Value (after improvements) $350,000
Improvements (lower) $2,500
Improvements (upper) $5,000
Closing Costs $3,500
Mortgage Costs $3,500
Other Fees At Closing $0
Total Cost  $360,750

Financial Assumptions Monthly Yearly
Rent (upper) $2,150 $2,200 $26,400
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $325 $3,900
 Insurance $100 $1,200
 Repairs $100 $1,200
Variable-Cost PM 7.5%  
Property Management Fee $161 $1,935
 Leasing Fee 75% $67.2 $806
 HOA $8 $96
 Vacancy Rate 4.0%  
 Total Fixed Expenses $841 $10,092
 Total Expenses (Fixed + Mortgage) $2,094 $25,130

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 1.3% 2.2% 3.1% 4.1%
 Net Cash Flow $6,553 $21,614 $46,069 $80,895
 Equity Increase $100,904 $223,778 $373,407 $555,615
 Total Gain $107,457 $245,392 $419,475 $636,510
           
 Average Cash Flow/Year $1,311 $2,161 $3,071 $4,045
 Average Cash Flow/Month $109 $180 $256 $337
 Average Gain/Year $21,491 $24,539 $27,965 $31,825
 Average ROI 109.4% 249.8% 426.9% 647.8%
 Annual ROI 21.9% 25.0% 28.5% 32.4%
 Projected Property Value $425,829 $518,085 $630,330 $766,893

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,478 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 1985 FAVORABLE
 Rent/Price (%)   0.75% 0.63% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $109 INSUFFICIENT
 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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