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Remodeled Rental with Amazing Cash Flow! [Code: 550]

Posted by Powered by Simply Do It on June 3, 2022
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After 15 Years (no mortgage)  
Original purchase price $244,900
Total investment (out of pocket) $68,373
15 yrs Project house value $450,236
Value (appreciation) Gain $205,336
15 yrs cash-flow generated $112,979
Total Gain $318,315
ROI (15 yrs) 466%
ROI (annually) 31%
   
Free & Clear cash flow (yr.) $22,550
Free & Clear cash flow (m) $1,879
  • 4 bedroom, 2.5 bathroom single family home
  • Around $465/mo. cash flow 
  • 1-Covered carport space
  • Available for 7-year ARM financing at lower interest rate 
  • Quiet residential street
  • Growing community
  • Mold remediation in attic needed per inspection (quoted repair cost of $1567)
  • Roof, HVAC and A/C are all only 5 years old
  • Good A rated schools
  • 0.36 Acre lot


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

  • Built: 1970
  • Size: 1,440 sq ft (pending confirmation)
  • Quiet residential street, Desirable community, A 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: 550


            Property Specifications 1 Per Door
             Bedrooms 4  
             Bathrooms 2.5  
             Square Feet 1440
             Year Built 1970  
             Garage Size 0 1 car port
             Schools Rating (on scale of A-F) A  

            Purchase Assumptions My Offer
            Offer used for analysis $244,900
            Suggested offer (low) $244,900
            Suggested offer (high) $250,000
            Asking $244,900
            Market Value (after improvements) $250,000
            Improvements (lower) $2,000
            Improvements (upper) $2,500
            Closing Costs $2,449
            Mortgage Costs $2,449
            Other Fees At Closing $0
            Total Cost  $252,048

            Financial Assumptions Monthly Yearly %    
            Rent (upper) $2,100 $2,150 $25,800      
            Rent (lower) $2,050 $24,600      
             Property Tax Rate (Approx.) 1.2%    
             Property Taxes $200 $2,400 2021 taxes only $1711
             Insurance $100 $1,200 5%  
             Repairs $75 $900 4%  
            Variable-Cost PM 7.5%      
            Property Management Fee $158 $1,890 8%  
             Leasing Fee 75% $65.6 $788 3%  
             HOA   $0 0%  
             Vacancy Rate 4.0%        
             Total Fixed Expenses $676 $8,110 0  
             Total Expenses (Fixed + Mortgage) $1,690 $20,281 1    

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 8.2% 9.6% 11.0% 12.6%
             Net Cash Flow $28,082 $65,421 $112,979 $171,822
             Equity Increase $68,583 $153,218 $257,740 $386,923
             Total Gain $96,665 $218,638 $370,719 $558,745
                       
             Average Cash Flow/Year $5,616 $6,542 $7,532 $8,591
             Average Cash Flow/Month $468 $545 $628 $716
             Average Gain/Year $19,333 $21,864 $24,715 $27,937
             Average ROI 141.4% 319.8% 542.2% 817.2%
             Annual ROI 28.3% 32.0% 36.1% 40.9%
             Projected Property Value $304,163 $370,061 $450,236 $547,781

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 1,440 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 1970 FAVORABLE
             Rent/Price (%)   0.75% 0.88% FAVORABLE
             Average Cash Flow (at year 5) $125 $468 FAVORABLE
             Average ROI (at year 5) 15% 28.3% 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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