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Rare opportunity for 2 homes on the same street in St. Louis Metro [Code 715 & 727]

Posted by Powered by Simply Do It on December 18, 2021
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  • NEWLY LISTED – ACT FAST
  • Updated home in a highly desired subdivision. 
  • Sits on a quiet cul-de sac street
  • No (low) crime area
  • Updated luxury vinyl plank floors throughout
  • Vaulted Great Room with beamed ceiling and stone woodburning fireplace
  • Large Master Suite features a remodeled private bath, large walk-in closet
  • 10,000+ sq. foot lot
  • Walking distance to community lake
  • Fully fenced backyard

  St Louis

  • # of fortune 500 companies: 8
  • # of fortune 1000 companies: 6 
    • Known companies HQ: Anheuser-Busch, Energizer Holdings, Enterprise Holdings, NestlĂ© Purina PetCare, Panera Bread

 

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

  • Built: 1973
  • Size: 1400+ sq ft with a 10k+ sq foot lot
  • Very low repair or improvement costs 
  • Quiet street, desirable community, good schools
  • Low crime

 

Property Specifications

1

Bedrooms

4

Bathrooms

2.5

Square Feet

1428

Year Built

1973

Garage Size

2

Schools Rating (on scale of A-F)

B

 

Purchase Assumptions

My Offer

Offer used for analysis

$300,000

Suggested offer (low)

$290,000

Suggested offer (high)

$310,000

Asking

$300,000

Market Value (after improvements)

$225,000

Improvements (lower)

$1,000

Improvements (upper)

$1,500

Closing Costs

$2,500

Mortgage Costs

$2,500

Other Fees At Closing

$0

Total Cost

$306,250

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

5.6%

6.7%

7.8%

9.0%

Net Cash Flow

$22,813

$54,232

$95,152

$146,563

Equity Increase

$72,277

$159,468

$264,668

$391,615

Total Gain

$95,090

$213,701

$359,821

$538,178

 

 

 

 

 

 

Average Cash Flow/Year

$4,563

$5,423

$6,343

$7,328

Average Cash Flow/Month

$380

$452

$529

$611

Average Gain/Year

$19,018

$21,370

$23,988

$26,909

Average ROI

117.0%

263.0%

442.9%

662.4%

Annual ROI

23.4%

26.3%

29.5%

33.1%

Projected Property Value

$273,747

$333,055

$405,212

$493,003

 

 

Property Photo from December 16, 2021

 

Property Photo from December 16, 2021

 

Property Photo from December 16, 2021

 

Metro: St. Louis

Team: Theresa/Alicia

Code: 727

 

 

 

 

 

2nd listing

 

nd

 

  • NEWLY LISTED – ACT FAST
  • Beautiful home on the same street in a highly desired subdivision. 
  • Sits on a quiet cul-de sac street
  • No (low) crime area
  • New carpet throughout
  • Vaulted Great Room with beamed ceiling and stone woodburning fireplace
  • The finished lower level has a family room, 4th bedroom, a spacious 1/2 bath, laundry space & storage
  • 0.25 acre lot
  • Walking distance to community lake

Property Specifications

1

 

Bedrooms

4

 

Bathrooms

2.5

 

Square Feet

1428

 

Year Built

1973

 

Garage Size

2

 

Schools Rating (on scale of A-F)

B

 

 

 

 

Purchase Assumptions

My Offer

Offer used for analysis

$265,000

Suggested offer (low)

$255,000

Suggested offer (high)

$275,000

Asking

$265,000

Market Value (after improvements)

$225,000

Improvements (lower)

$16,000

Improvements (upper)

$20,000

Closing Costs

$2,500

Mortgage Costs

$2,500

Other Fees At Closing

$0

Total Cost

$288,000

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

6.6%

7.5%

8.6%

9.7%

Net Cash Flow

$29,364

$67,288

$114,664

$172,475

Equity Increase

$69,532

$153,471

$254,816

$377,194

Total Gain

$98,896

$220,759

$369,480

$549,670

 

 

 

 

 

 

Average Cash Flow/Year

$5,873

$6,729

$7,644

$8,624

Average Cash Flow/Month

$489

$561

$637

$719

Average Gain/Year

$19,779

$22,076

$24,632

$27,483

Average ROI

110.8%

247.3%

414.0%

615.9%

Annual ROI

22.2%

24.7%

27.6%

30.8%

Projected Property Value

$273,747

$333,055

$405,212

$493,003

 

 

 

 

 

Metro: St. Louis

Team: Theresa/Alicia

Code: 715

 

 

 

What’s next?

Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.

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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. code 711

 

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