KC SuperPack: 12 Rented Duplexes Built 2005-2011

lee's summit MOa,
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Overview

  • Updated On:
  • November 16, 2021

Property Description

Check most recent opportunity – Off Market New Construction. 1 to 10 Doors

Read First

  • The information listed below is based on public info + info provided by the seller’s agent
  • Simply Do It’s team has not been to the site/s yet.
  • As always w/ such package – info provider or info obtained online is not 100% accurate
  • Located 30 mins south to Kansas City
  • Pricing is per building/property. Each building/property is 2 units/doors (side by side)
  • OUR GOAL IS TO GROUP MULTIPLE INVESTORS AND BUY ALL 12 DUPLEXES AND OFFER A MORE AGGRESSIVE OFFER (AIMING TO LOWER $300K LESS THAN ASKING)
    • The analysis is done based on ASKING’s price.

The following questions were sent to the seller – we are still waiting on answers:

  1. Do you have seller disclosures?
  2. Do you have a list of known repairs, known issues, major issues?
  3. Do you have a list of improvements made and when?
  4. Any known issues w/ any of the tenants?
  5. Is it owner-managed or professionally managed?
  6. Are there signed leases for each occupied unit?
  7. Are there security deposits for each occupied unit?

 

Buying Preference

  • Priority will be given to a buyer/s who will buy multiple duplexes.

 

Next Steps

  1. Active Simply Do It’s investors – text/email for more info such as an address, full analysis, and questions.
  2. Non-active investors – email/call.text with questions about this opportunity and to find out what you need to do to join the Simply Do It program and benefit from this and many other opportunities. 

 

Pricing

Unit Beds Baths Garage Rent/mo yr Sq Ft Market Rent Asking Suggested Offer
601P 3 3 1 1,325 2005 1,884 1,350
603P 2 2 1 1,050 2005 1,000 1,150
5 5 2 2,375 2,884 2,500 $351,869 $324,500
605P 2 2 1 900 2005 942 1,150
607P 2 2 1 1,050 2005 942 1,150
4 4 2 1,950 1,884 2,300 $227,446 $209,700
Mo Hi
609P 2 2 1 1,000 2005 942 1,150
611P 2 2 1 950 2005 942 1,150
4 4 2 1,950 1,884 2,300 $227,446 $209,700
Mo Hi
613P 3 2.5 2 1,150 2006 1,600 1,350
615P 3 2.5 2 1,150 2006 1,600 1,350
6 5 4 2,300 3,200 2,700 $412,090 $380,000
617P 3 2.5 2 1,200 2006 1,600 1,350
619P 3 2.5 2 1,175 2006 1,600 1,350
6 5 4 2,375 3,200 2,700 $412,090 $380,000
621P 3 2.5 2 1,225 2007 1,600 1,350
623P 3 2.5 2 1,120 2007 1,600 1,350
6 5 4 2,345 3,200 2,700 $412,090 $380,000
625P 3 2.5 2 1,095 2007 1,600 1,350
627P 3 2.5 2 1,025 2007 1,600 1,350
6 5 4 2,120 3,200 2,700 $412,090 $380,000
405D 3 2.5 1 1,100 2011 1,350 1,150
407D 3 2.5 1 1,075 2011 1,350 1,150
6 5 2 2,175 2,700 2,300 $328,975 $303,300
408D 3 2.5 1 1,020 2010 1,350 1,200
410D 3 2.5 1 975 2010 1,350 1,200
6 5 2 1,995 2,700 2,400 $328,975 $303,300
Y. V.
409D 3 2.5 1 1175 2010 1,350 1,350
411D 3 2.5 1 1,025 2010 1,350 1,350
6 5 2 2,200 2,700 2,700 $328,975 $303,300
412D 3 2.5 1 1,050 2007 1,350 1,350
414D 3 2.5 1 935 2007 1,350 1,350
6 5 2 1,985 2,700 2,700 $328,975 $303,300
Y. V.
413D 3 2.5 1 1100 2007 1,350 1,350
415D 3 2.5 1 1,025 2007 1,350 1,350
Ar. Se. 6 5 2 2,125 2,700 2,700 $328,975 $303,300

 

About the City/Area

  • Schools are C
  • There is no HOA

 

Current Occupancy

According to the seller’s agent, all unit is rented

 

 

Area I 

 

 

Area II

 

Financial Analysis – Important

  • This analysis shows the performance of 2 units (one building) and NOT the entire available properties in the package.
  • Rents used in the analysis are actual (lower) to estimated market (higher).

 

Property Specifications

Property/Building Per Door
 Bedrooms 6 3
 Bathrooms 4 2
 Square Feet 1528 764
 Year Built 2007
 Garage Size 4 2
 Schools Rating C

 

Purchase Assumptions

Asking $341,667 $170,833
Suggested offer (low) $315,000 $157,500
Suggested offer (high) $325,000 $162,500
Suggested offer (options) $325,000 $162,500
 Improvements (lower) $7,500
 Improvements (upper) $9,500 $8,500
 Closing Costs $3,500
 Mortgage Costs $3,500

Financing Assumptions

 Down Payment (%) 25%
 Down Payment Amount $81,250
 Financed Amount $243,750
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,081
 Cash Outlay (Total Out of Pocket) $96,750

 

Financial Assumptions

Monthly Yearly
Rent (upper) $2,325 $2,500 $30,000
Rent (lower) $2,150 $25,800
 Property Tax Rate (Approx.) 1.40%
 Property Taxes $379 $4,550
 Insurance $150 $1,800
 Repairs $150 $1,800
Variable-Cost PM 7.2%
Property Management Fee $166 $1,995
 Leasing Fee 68% $65.4 $785
 HOA $0 $0
 Vacancy Rate 4.0%
 Total Fixed Expenses $997 $11,966
 Total Expenses (Fixed + Mortgage) $2,078 $24,938

 

 

Financial Analysis / Deal Attractiveness

Years: 5 10
 Net Cash Flow $18,063 $44,757
 Equity Increase $95,903 $211,778
 Total Gain $113,967 $256,536
 Average Cash Flow/Year $3,613 $4,476
 Average Cash Flow/Month $301 $373
 Average Gain/Year $22,793 $25,654
 Average ROI 117.8% 265.2%
 Annual ROI 23.6% 26.5%
 Projected Property Value $395,412 $481,079

 

Availability

Unit Beds Baths Garage
601P 3 3 1
603P 2 2 1
5 5 2
605P 2 2 1
607P 2 2 1
4 4 2
Mo Hi

Ar. Se.

609P 2 2 1
611P 2 2 1
Mo Hi

Ar. Se.

4 4 2
613P 3 2.5 2
615P 3 2.5 2
6 5 4
617P 3 2.5 2
619P 3 2.5 2
6 5 4
621P 3 2.5 2
623P 3 2.5 2
6 5 4
625P 3 2.5 2
627P 3 2.5 2
6 5 4
405D 3 2.5 1
407D 3 2.5 1
6 5 2
408D 3 2.5 1
410D 3 2.5 1
Y. V. 6 5 2
409D 3 2.5 1
411D 3 2.5 1
6 5 2
412D 3 2.5 1
414D 3 2.5 1
Y. V. 6 5 2
413D 3 2.5 1
415D 3 2.5 1
6 5 2

FAQ

  • How much is the HOA?
    • No HOA
  • Is any warranty provided?
    • No warranty is offered by the builder.
  • Can I buy with a mortgage?
    • Yes, and we have preferred lenders for you to use if you wish.
  • Do you have a local property manager we can use?
    • Yes, we sure do.
  • Can I buy cash?
    • Yes, of course.
  • Can I buy more than 1 property?
    • Yes.
  • Is there a way for me to buy all and get financing for all of them under 1 mortgage?
    • Generally speaking yes, and we have a lender who may be able to do it.

 

 

 

 

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.

 

 

 

Address: lee's summit MOa
State/County:
Zip: 64086
Country: United States
Open In Google Maps
Property Id : 38501
walkscore71 / Very Walkable more details here

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