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Super upgraded 4/2 brick ranch home in St Louis $315k, CF $4500/mo [Code 915]

Posted by Powered by Simply Do It on November 11, 2021
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Nice features this house has:
  • Rear entry attached garage
  • Fireplace
  • Open floor plan
  • Concrete driveway
  • Fenced yard and deck

Notes

  • $450 scouting fee added to closing cost
  • Asking $315k
  • Local team analysis is assuming $350k – that doesn't mean the price is 315K – it is more like a “stress” financial test + a room to add and escalation clause.
  • Local team estimate rent $2500
  • Offers due by Sunday evening
What's next?
 
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Property Specifications 1
 Bedrooms 4
 Bathrooms 2
 Square Feet 2042
 Year Built 1987
 Garage Size 2
 Schools Rating (on scale of 0-10) A-

Purchase Assumptions My Offer
Asking $315,000
Suggested offer (options) $350,000
 Market Value (after improvements) $350,000
 Closing Costs $10,500
 Mortgage Costs $2,000
 Other Fees At Closing $450
 Total Cost  $362,950

Financial Assumptions Monthly Yearly
Rent (upper) $2,500 $2,575 $30,900
Rent (lower) $2,425 $29,100
 Property Tax Rate (Approx.) 0.95%  
 Property Taxes $276 $3,311
 Insurance $131 $1,575
 Repairs $125 $1,500
Variable-Cost PM 9.3%  
Property Management Fee $233 $2,790
 Leasing Fee 75% $78.1 $938
 HOA $0 $0
 Vacancy Rate 7.0%  
 Total Fixed Expenses $1,002 $12,018
 Total Expenses (Fixed + Mortgage) $2,180 $26,163

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 4.6% 5.5%
 Net Cash Flow $22,853 $55,447
 Equity Increase $102,874 $227,340
 Total Gain $125,727 $282,786
     
 Average Cash Flow/Year $4,571 $5,545
 Average Cash Flow/Month $381 $462
 Average Gain/Year $25,145 $28,279
 Average ROI 125.2% 281.5%
 Annual ROI 25.0% 28.2%
 Projected Property Value $425,829 $518,085

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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. code 915

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