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Super Rentability with this house! [Code: 1]

Posted by Powered by Simply Do It on March 1, 2022
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After 15 Years (no mortgage)  
Original purchase price $349,900
Total investment (out of pocket) $104,473
15 yrs Project house value $630,150
Value (appreciation) Gain $280,250
15 yrs cash-flow generated $51,495
Total Gain $331,745
ROI (15 yrs) 318%
ROI (annually) 21%
   
Free & Clear cash flow (yr.) $21,136
Free & Clear cash flow (m) $1,761
  • 4 bedroom 3 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Over $130/mo. cash flow 
  • This area has seen higher than average appreciation 
  • 2 car attached garage
  • Good schools
  • Price reduced by $20K on 2/24/22.  Additional price negotiation opportunity!
  • Partially finished lower level with walk-out to a back deck, den and rec room.  This gives an opportunity to add square footage in the future!
  • HOA amenities include: Access to 2 lakes, swimming facilities, marina, golf, club house, bar/grill, tennis courts, workout room and acres and acres of common ground
  • Newer architectural roof, newer high efficiency furnace and air conditioner, newer commercial grade hot water heater, painted in 2021 and new carpet in 2022
  • Almost 1/2 acre lot on a cul de sac

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

  • Built: 1972
  • Size: 2,720  sq ft
  • Quiet residential street, Desirable community, B rated schools

Why St. Louis?

  • St. Louis, MO offers everything you may need in a metro area: from professional sports, to great concerts & restaurants to a world renowned zoo and botanical garden plus a great highway system
  • Emerged as a top 10 Tech Hub city thanks to the Cortex Technology development
  • Medical school & service center for the region, featuring assets like Barnes Jewish Hospital (no. 17 on US News best hospitals in the country list).
  • Corporate employers include Anheuser Busch, Ralston Purina, Mastercard, Centene Corp & more
  • Our crown jewel is Forest Park – approx 1400 acres including 18 holes of golf, 6.2 mile trail, the St. Louis Zoo, history and art museums, tennis courts and more
  • Big sports city with the St. Louis Blues, St. Louis Cardinals and coming soon: Major League Soccer

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: 1


Property Specifications 1
 Bedrooms 4
 Bathrooms 3
 Square Feet 2720
 Year Built 1972
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $349,900
Suggested offer (low) $349,900
Suggested offer (high) $349,900
Asking $349,900
Market Value (after improvements) $349,900
Improvements (lower) $5,000
Improvements (upper) $15,000
Closing Costs $3,499
Mortgage Costs $3,499
Other Fees At Closing $0
Total Cost  $366,898

Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,300 $27,600
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 1.2%  
 Property Taxes $250 $3,000
 Insurance $125 $1,500
 Repairs $125 $1,500
Variable-Cost PM 7.5%  
Property Management Fee $165 $1,980
 Leasing Fee 75% $68.8 $825
 HOA $50 $600
 Vacancy Rate 4.0%  
 Total Fixed Expenses $865 $10,382
 Total Expenses (Fixed + Mortgage) $2,118 $25,416

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 1.6% 2.4% 3.3% 4.2%
 Net Cash Flow $8,188 $25,052 $51,495 $88,514
 Equity Increase $100,875 $223,714 $373,299 $555,455
 Total Gain $109,063 $248,766 $424,795 $643,970
           
 Average Cash Flow/Year $1,638 $2,505 $3,433 $4,426
 Average Cash Flow/Month $136 $209 $286 $369
 Average Gain/Year $21,813 $24,877 $28,320 $32,198
 Average ROI 104.4% 238.1% 406.6% 616.4%
 Annual ROI 20.9% 23.8% 27.1% 30.8%
 Projected Property Value $425,707 $517,937 $630,150 $766,674

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2,720 FAVORABLE
 Bedrooms   3 4 FAVORABLE
 Bathrooms   2 3 FAVORABLE
 Year Built   1970 1972 FAVORABLE
 Rent/Price (%)   0.75% 0.66% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $136 FAVORABLE
 Average ROI (at year 5) 15% 20.9% 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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