Super Rentability with this house! [Code: 1]
| 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 | ||
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.