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Remodeled Classic SFR with Cash Flow to Boot!! [Code: 4836]

Posted by Powered by Simply Do It on September 14, 2022
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Why THIS deal??
  • ~ $275/mo. cash flow 
  • New on the market as of today. Open house scheduled for Saturday 9/18/22
  • Fully upgraded in 2015
  • Amazing asking price of just over $200,000
  • Highly appreciating neighborhood with city amenities to attract renters
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After 15 Years (no mortgage)
Original purchase price $210,000
Total investment (out of pocket) $62,175
15 yrs Project house value $389,004
Value (appreciation) Gain $179,004
15 yrs cash-flow generated $72,335
Total Gain $251,339
ROI (15 yrs) 404%
ROI (annually) 27%
   
Free & Clear cash flow (yr.) $17,971
Free & Clear cash flow (m) $1,498

  • 3 bedroom, 2 bath Single Family Detached Residence
  • Newly listed on the market.  Open house is scheduled for Saturday 9/18/22.  Get your offer in quick!
  • Highly appreciating neighborhood
  • ~ $275/mo. cash flow 
  • Many 10/10 rated private and charter schools in the area.  Very common to utilize these resources in the city
  • No HOA costs
  • Walkability score of 67 and Bikeability score of 63. Many errands can be accomplished without a car
  • Our agent is awaiting status on mechanical updates of the home from the sellers agent (ie: plumbing, electrical, HVAC, roof, etc.)
  • Oversized parking pad to accommodate 3 vehicles
  • Seller has disclosed a lead based paint report from 2015.  We are assuming the remediation was finished during the remodel, however we are awaiting confirmation of that from sellers agent
  • Open-concept living room, dining space, 2nd story laundry, extra large kitchen and full first floor bathroom
  • Wood deck off 1st floor along with new cedar privacy fence, stock tank pool and recently upgraded deck.  Price of pool removal included in improvement cost estimates
  • 3,890 square foot lot


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

  • Built: 1914 (Fully remodeled in 2015)
  • Size: 1,288 square foot home
  • Low Crime, Desirable community, City Life

            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: Alicia/Jessica – email directly at stl2@simplydoit.net

            Code: 4836



            Property Specifications 1 Per Door
             Bedrooms  3
             Bathrooms  2
             Square Feet 1288
             Year Built 1914 Remodel 2015
             Garage Size 0
             Schools Rating (on scale of A-C) C

            Purchase Assumptions My Offer
            Offer used for analysis $210,000
            Suggested offer (low) $205,000
            Suggested offer (high) $210,000
            Asking $205,000
            Market Value (after improvements) $216,000
            Improvements (lower) $3,500
            Improvements (upper) $6,750
            Closing Costs $2,100
            Mortgage Costs $2,100
            Other Fees At Closing $350
            Total Cost  $219,675

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,850 $2,000 $24,000
            Rent (lower) $1,700 $20,400
            Property Tax Rate (Approx.) 2.5%
            Property Taxes $185 $2,215
            Insurance $100 $1,200
            Repairs $65 $780
            Variable-Cost PM 7.5%
            Property Management Fee $139 $1,665
            Leasing Fee 75% $57.8 $694
            Utilities $100 $1,200
            Vacancy Rate 4.0%
            Total Fixed Expenses $715 $8,580
             Total Expenses (Fixed + Mortgage) $1,622 $19,460

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.3% 6.5% 7.8% 9.1%
             Net Cash Flow $16,479 $40,334 $72,335 $113,328
             Equity Increase $58,432 $130,772 $220,437 $331,715
             Total Gain $74,911 $171,107 $292,772 $445,044
             Average Cash Flow/Year $3,296 $4,033 $4,822 $5,666
             Average Cash Flow/Month $275 $336 $402 $472
             Average Gain/Year $14,982 $17,111 $19,518 $22,252
             Average ROI 120.5% 275.2% 470.9% 715.8%
             Annual ROI 24.1% 27.5% 31.4% 35.8%
             Projected Property Value $262,797 $319,733 $389,004 $473,283

            Property Ratings Suggestions
             Item  Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools B C INSUFFICIENT
             Square Feet 1000 1,288 FAVORABLE
             Bedrooms 3 3 FAVORABLE
             Bathrooms 2 2 FAVORABLE
             Year Built 1970 1914 INSUFFICIENT
             Rent/Price (%) 0.75% 0.95% FAVORABLE
             Average Cash Flow (at year 5) $125 $275 FAVORABLE
             Average ROI (at year 5) 15% 24.1% 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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