Price reduced by $120,000!! Don’t miss this opportunity [code: 304]
- 8 bedroom 4 bath multi-unit property. There are four 2 bedroom/1 bath units
- Asking price has just been reduced by $120,000!!
- Vinyl siding, newer deck with Trac Stairs
- Selling AS-IS, seller will not make any repairs and inspections are welcome
- No (low) crime area
- All units are updated except unit A
- Unit B has recently been completely renovated, new upgraded kitchen appliances, flooring, carpet, new bathroom, kitchen has been furnished
- Unit B is vacant and can be shown. All other units will be available to show once a signed contract has been accepted.
- Unit D is completely furnished
- New washer/dryer for tenants in washroom between C and D on main floor
- Over $1200/mo. cash flow
- 2 car attached garage
- One unit is vacant, Other three are rented, 2 rented at $650 each (under market), 1 unit at $1000
- Award winning A-rated schools
- 20,350 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1986
- Size: 3,040 sq ft
- Quiet residential street, Desirable community, A rated schools
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 – email directly at email@example.com
|Property Specifications||4||Per Door|
|Garage Size||0||4 covered spots|
|Schools Rating (on scale of A-F)||A/B|
|Purchase Assumptions||My Offer||Per Door|
|Offer used for analysis||$475,000||$118,750|
|Suggested offer (low)||$475,000||$118,750|
|Suggested offer (high)||$475,000||$118,750|
|Market Value (after improvements)||$475,000|
|Other Fees At Closing||$0||$0|
|Property Tax Rate (Approx.)||1.4%|
|Property Management Fee||$304||$3,647|
|Total Fixed Expenses||$1,301||$15,615|
|Total Expenses (Fixed + Mortgage)||$3,160||$37,915|
|Financial Analysis / Deal Attractiveness|
|Net Cash Flow||$72,643||$164,451||$277,421||$413,754|
|Average Cash Flow/Year||$14,529||$16,445||$18,495||$20,688|
|Average Cash Flow/Month||$1,211||$1,370||$1,541||$1,724|
|Projected Property Value||$577,910||$703,116||$855,448||$1,040,783|
|Property Ratings Suggestions|
|Item||Suggested Criteria (Min.)||This Property||FAVORABLE /
|Average Cash Flow (at year 5)||$125||$1,211||FAVORABLE|
|Average ROI (at year 5)||15%||30.2%||FAVORABLE|
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.