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Stop Drooling and Make Your Move! [Code: 25]

Posted by Powered by Simply Do It on May 23, 2024
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Why THIS deal??
  • ~$290/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$156/mo. at today's rates of 6.875%
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  • Single Family Home with 3 bedrooms and 2 full bathrooms
  • Finished basement should add around 1,100 square feet of living space
  • Cosmetic upgrades have already been made for you
  • Very little make-ready should be needed to have this become rentable
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has multiple showings already scheduled and will not last long 
  • Good schools
  • Total equity gain at 5 years is estimated at $95k! That's almost double your initial investment!!
  • No HOA charges
  • #cashflow  #appreciation

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

  • Built: 1982
  • Size:1,428 square foot home with additional finished basement adding around 1,100 square feet to living space
  • Low Crime, Desirable Community, A/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: 25

Property Specifications1By Door
 Bedrooms3 
 Bathrooms2 
 Square Feet1428not incl bsmt
 Year Built1982 
 Garage Size2 
 Schools Rating (scale 3-30, 30 is best)18 
Lot size (sq ft)9583 

Purchase AssumptionsMy Offer
Offer used for analysis$335,000
Suggested offer (low)$325,000
Suggested offer (high)$335,000
Asking$335,000
Market Value (after improvements)$335,000
Estimated Improvements (lower)$3,000
Estimated Improvements (upper)$5,000
Estimated Closing Costs$3,350
Estimated Mortgage Costs$2,697
Other Fees At Closing (pts, . . . )$2,840
Total Cost (estimated)$347,887

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$100,500
 Financed Amount$234,500
 Interest Rate 6.875%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,540
 Cash Outlay (Total Out of Pocket) $113,387

Estimated Financial Assumptions
 MonthlyYearly
Rent (upper)*$2,475$2,500$30,000
Rent (lower)*$2,450$29,400
    
Property Taxes $300$3,600
Insurance $135$1,620
Repairs75$100$1,200
Property Management Monthly (%)7.5% 
Property Management Monthly ($)$186$2,228
Leasing Fee75%$77.3$928
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses36%$890$10,675
 Total Expenses (Fixed + Mortgage)$2,430$29,161

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate1.6%3.3%5.1%7.1%
 Net Cash Flow$9,351$37,024$86,156$160,409
 Equity Increase$86,638$194,748$330,087$500,111
 Total Gain$95,989$231,772$416,243$660,520
      
 Average Cash Flow/Year$1,870$3,702$5,744$8,020
 Average Cash Flow/Month$156$309$479$668
 Average Gain/Year$19,198$23,177$27,750$33,026
 Average ROI84.7%204.4%367.1%582.5%
 Annual ROI16.9%20.4%24.5%29.1%
 Projected Property Value$407,579$495,882$603,316$734,026

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1418FAVORABLE
 Square Feet  1,0001,428FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701982FAVORABLE
 Average Cash Flow (at year 5)  $125$156FAVORABLE
 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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