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St. Louis Metro hidden gem! [code: 1262]

Posted by Powered by Simply Do It on April 8, 2022
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After 15 Years (no mortgage)  
Original purchase price $224,000
Total investment (out of pocket) $63,800
15 yrs Project house value $432,226
Value (appreciation) Gain $208,226
15 yrs cash-flow generated $39,942
Total Gain $248,169
ROI (15 yrs) 389%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $15,258
Free & Clear cash flow (m) $1,271
  • 4 bedroom 2 bath Single Family Residence with finished basement
  • Asking price has just been reduced by $10,000 (we are suggesting even lower for offer)
  • No (low) crime area
  • Current time on the Market: 27 days.  This gives us negotiation power with the seller
  • Over $110/mo. cash flow 
  • 1 car attached garage
  • Good school district
  • 0.23 Acre lot

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

  • Built: 1977
  • Size: 1,678  sq ft
  • Quiet residential street, Desirable community, B 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: 1262


Property Specifications 1 Per Door
 Bedrooms 4  
 Bathrooms 2  
 Square Feet 1678 w/ basement
 Year Built 1977  
 Garage Size 1  
 Schools Rating (on scale of A-F) B  

Purchase Assumptions My Offer
Offer used for analysis $224,000
Suggested offer (low) $224,000
Suggested offer (high) $240,000
Asking $240,000
Market Value (after improvements) $240,000
Improvements (lower) $2,000
Improvements (upper) $4,000
Closing Costs $2,400
Mortgage Costs $2,400
Other Fees At Closing $0
Total Cost  $231,800

Financial Assumptions Monthly Yearly
Rent (upper) $1,650 $1,700 $20,400
Rent (lower) $1,600 $19,200
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $250 $3,000
 Insurance $100 $1,200
 Repairs $100 $1,200
Variable-Cost PM 7.5%  
Property Management Fee $124 $1,485
 Leasing Fee 75% $51.6 $619
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $686 $8,236
 Total Expenses (Fixed + Mortgage) $1,575 $18,905
Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.1% 3.1% 4.2% 5.3%
 Net Cash Flow $6,834 $19,930 $39,942 $67,590
 Equity Increase $66,000 $147,122 $246,868 $369,562
 Total Gain $72,834 $167,052 $286,810 $437,152
           
 Average Cash Flow/Year $1,367 $1,993 $2,663 $3,379
 Average Cash Flow/Month $114 $166 $222 $282
 Average Gain/Year $14,567 $16,705 $19,121 $21,858
 Average ROI 114.2% 261.8% 449.5% 685.2%
 Annual ROI 22.8% 26.2% 30.0% 34.3%
 Projected Property Value $291,997 $355,259 $432,226 $525,870
Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1,678 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 1977 FAVORABLE
 Rent/Price (%)   0.75% 0.76% FAVORABLE
 Average Cash Flow (at year 5) $125 $114 INSUFFICIENT
 Average ROI (at year 5) 15% 22.8% 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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