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St. Louis Metro: A Cash Flow Success Story! [Code: 146]

Posted by Powered by Simply Do It on May 3, 2024
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Why THIS deal??
  • ~$375/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$140/mo. at today's rates of 7.25%
  • Great opportunity for an appreciation buy! 
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  • 3 bedroom, 2.5 bathroom Single Family Residence
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Good A rated schools
  • Another SDI investor owns on the same street with great results! 
  • Price has been reduced by $8k since the original listing date
  • Low HOA charges
  • #cashflow  #appreciation

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

  • Built: 1988
  • Size: 1,186 square foot home
  • Low Crime, 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: Nalthan  – email directly at stl1@simplydoit.net

Code: 146

Property Specifications1
 Bedrooms3
 Bathrooms2.5
 Square Feet1186
 Year Built1988
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)25
Lot size (sq ft)4792

Purchase AssumptionsMy Offer
Offer used for analysis$260,000
Suggested offer (low)$260,000
Suggested offer (high)$273,000
Asking$273,000
Market Value (after improvements)$280,000
Estimated Improvements (lower)$6,000
Estimated Improvements (upper)$8,000
Estimated Closing Costs$2,600
Estimated Mortgage Costs$2,093
Other Fees At Closing (pts, . . . )$3,870
Total Cost (estimated)$275,563

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$78,000
 Financed Amount$182,000
 Interest Rate 7.250%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,242
 Cash Outlay (Total Out of Pocket) $93,563

Estimated Financial Assumptions
 MonthlyYearly
Rent (upper)*$2,050$2,150$25,800
Rent (lower)*$1,950$23,400
    
Property Taxes $215$2,580
Insurance $140$1,680
Repairs75$75$900
Property Management Monthly (%)7.5% 
Property Management Monthly ($)$154$1,845
Leasing Fee75%$64.1$769
HOA or Fixed Costs$36$432
Vacancy Rate 4.0% 
Total Fixed Expenses37%$760$9,116
 Total Expenses (Fixed + Mortgage)$2,001$24,015

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate1.8%3.4%5.2%7.2%
 Net Cash Flow$8,382$31,790$72,810$134,454
 Equity Increase$70,893$159,383$270,257$409,760
 Total Gain$79,275$191,174$343,066$544,214
      
 Average Cash Flow/Year$1,676$3,179$4,854$6,723
 Average Cash Flow/Month$140$265$404$560
 Average Gain/Year$15,855$19,117$22,871$27,211
 Average ROI84.7%204.3%366.7%581.7%
 Annual ROI16.9%20.4%24.4%29.1%
 Projected Property Value$340,663$414,468$504,264$613,514

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1425FAVORABLE
 Square Feet  1,0001,186FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22.5FAVORABLE
 Year Built  19701988FAVORABLE
 Average Cash Flow (at year 5)  $125$140FAVORABLE
 Average ROI (at year 5)  15%16.9%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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