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Stop!! Collaborate and Cash in…. [Code: 1608]

Posted by Powered by Simply Do It on August 7, 2023
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Why THIS deal??
  • ~$559/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$397/mo at today's rates of 6.5%
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Mortgage Acceleration
Applying your annual cash flow (EPP*)$4,766
Applying your monthly cash flow (EPP*)$397
Years to payoff mortgage 16
Interest paid over 30 years$256,427
Int. paid in 16 yrs, using EPP$124,468
Your int. savings$131,959
If you make an extra payment every year of $4,766 (your annual cash flow) you will pay off your mortgage in 16 years vs. 30 years, and save $131,959 on interest.
  • 5 bedroom, 3 bath Single Family Home 
  • Huge square footage of over 3,000
  • Great location with quick access to major commuting routes, shopping and schools
  • Full separate living quarters in the basement complete with kitchen, bathroom and laundry hookups
  • Great cash flow! 
  • No HOA charges
  • Fresh Paint Throughout, Brand New Water Heater, and a New S/S Dishwasher, Newer Windows Throughout
  • Attached 2-car garage
  • 12,325 square foot lot


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

  • Built: 1996
  • Size: 3,080 square foot home
  • Low Crime, Desirable Community, Quiet Cul-de-sac location

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Kansas City

Team: Jeanette/Candice  – email directly at kc2@simplydoit.net

Code: 1608


Property Specifications1
 Bedrooms5
 Bathrooms3
 Square Feet3080
 Year Built1996
 Garage Size2
 Schools Rating (on scale of A-C)B/C

Purchase AssumptionsMy Offer
Offer used for analysis$290,000
Suggested offer (low)$290,000
Suggested offer (high)$300,000
Asking$300,000
Market Value (after improvements)$300,000
Improvements (lower)$5,000
Improvements (upper)$10,000
Closing Costs$2,900
Mortgage Costs$2,900
Other Fees At Closing (pts, . . . )$2,900
Total Cost $306,200
Original listing date4/19/23
DOM (days on market – TODAY)110

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$87,000
 Financed Amount$203,000
 Interest Rate 6.500%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,283
 Cash Outlay (Total Out of Pocket) $103,200

Financial AssumptionsMonthlyYearly
Rent (upper)$2,350$2,400$28,800
Rent (lower)$2,300$27,600
Property Tax Rate (Approx.)   
Property Taxes $250$3,000
Insurance $135$1,620
Repairs $75$900
Property Management Monthly (%)7.0% 
Property Management Monthly ($)$165$1,974
Leasing Fee68%$66.1$793
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses33%$778$9,336
 Total Expenses (Fixed + Mortgage)$2,061$24,733

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate4.6%6.3%8.3%10.4%
 Net Cash Flow$23,828$65,527$128,131$215,178
 Equity Increase$77,966$174,978$295,989$447,337
 Total Gain$101,794$240,505$424,120$662,516
      
 Average Cash Flow/Year$4,766$6,553$8,542$10,759
 Average Cash Flow/Month$397$546$712$897
 Average Gain/Year$20,359$24,051$28,275$33,126
 Average ROI98.6%233.0%411.0%642.0%
 Annual ROI19.7%23.3%27.4%32.1%
 Projected Property Value$364,996$444,073$540,283$657,337

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BB/C#N/A
 Square Feet  1,0003,080FAVORABLE
 Bedrooms  35FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19701996FAVORABLE
 Rent/Price (%)  0.75%0.83%FAVORABLE
 Average Cash Flow (at year 5)  $125$397FAVORABLE
 Average ROI (at year 5)  15%19.7%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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