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St. Louis 3 bedroom with basement [code: 3104]

Posted by Powered by Simply Do It on January 12, 2022
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  • $445 per month cash flow
  • Good local school district
  • Hard flooring throughout
  • Fully fenced back yard.  Perfect for families and pets
  • No (low) crime area
  • 2 bonus rooms and finished basement area
  • 9,100+ sq. foot lot 

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

  • Built: 1971
  • Size: 1,854+ sq ft sitting on a 9,100+ square foot lot
  • Quiet residential street, Desirable community, great schools
  • Little to no updates needed

Property Specifications 1
 Bedrooms 3
 Bathrooms 2.5
 Square Feet 1854
 Year Built 1971
 Garage Size 2
 Schools Rating (on scale of 0-10) B

Purchase Assumptions My Offer
Asking $249,000
Suggested offer (low) $246,000
Suggested offer (high) $249,900
Suggested offer (options) $246,000
Land Value (%) 25%
Building Value (%) 75%
 Market Value (after improvements) $250,000
 Improvements (lower) $4,500
 Improvements (upper) $6,500
 Closing Costs $2,500
 Mortgage Costs $2,500
 Other Fees At Closing $0
 Total Cost  $256,500

Financial Assumptions Monthly Yearly
Rent (upper) $1,950 $2,100 $25,200
Rent (lower) $1,800 $21,600
 Property Tax Rate (Approx.) 1.00%  
 Property Taxes $230 $2,760
 Insurance $100 $1,200
 Repairs $85 $1,020
Variable-Cost PM 7.5%  
Property Management Fee $146 $1,755
 Leasing Fee 75% $60.9 $731
 HOA $0 $0
 Vacancy Rate 5.0%  
 Total Fixed Expenses $712 $8,549
 Total Expenses (Fixed + Mortgage) $1,556 $18,677

Property Ratings Suggestions
 Item      My Criteria (Min.) This Property FAVORABLE/INSUFFICIENT
 Schools     B- B FAVORABLE
 Square Feet   950 1854 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   1 2.5 FAVORABLE
 Year Built   1960 1971 FAVORABLE
 Rent/Price (%)   0.70% 0.85% FAVORABLE
 Average Cash Flow (at year 5) $125 $444 FAVORABLE
 Average ROI (at year 5) 15% 27.6% FAVORABLE
Cash Flow vs Out-of-Pocket 0.2% 0.6% FAVORABLE

Financial Analysis / Deal Attractiveness      
Years: 5 10 15 20
 Cap Rate 7.4% 8.5% 9.7% 11.0%
 Net Cash Flow $26,647 $61,338 $104,911 $158,289
 Equity Increase $72,749 $160,947 $267,880 $397,531
 Total Gain $99,396 $222,285 $372,791 $555,820
           
 Average Cash Flow/Year $5,329 $6,134 $6,994 $7,914
 Average Cash Flow/Month $444 $511 $583 $660
 Average Gain/Year $19,879 $22,229 $24,853 $27,791
 Average ROI 138.0% 308.7% 517.8% 772.0%
 Annual ROI 27.6% 30.9% 34.5% 38.6%
 Projected Property Value $304,163 $370,061 $450,236 $547,781

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What's next?

Email the agent at the address below for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: St. Louis

Team: Alicia – email below

Code: 3104

stl2@simplydoit.net

 

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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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