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The Quad that Acts Like a House! [Code 8340]

Posted by Powered by Simply Do It on April 25, 2023
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Why THIS deal??
  • ~$1,030/mo. cash flow once you can refi to 4.5% 
  • Cash flows at ~$370 at today's rates of 6.5%
  • Opportunity to buy 4 properties at ~$175k each! 
  • Fully Occupied!
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After 15 Years (no mortgage)
Original purchase price$700,000
Total investment (out of pocket)$195,000
15 yrs Project house value$1,350,708
Value (appreciation) Gain$650,708
15 yrs cash-flow generated$138,172
Total Gain$788,879
ROI (15 yrs)405%
ROI (annually)27%
  
Free & Clear cash flow (yr.)$56,116
Free & Clear cash flow (m)$4,676
  • 12 bedroom, 8 bath 4-plex (each unit has 3 bedrooms and 2 bathrooms)
  • Fully Occupied currently! 
  • No Owner-paid utilities.  Tenants pay all utilities separately! 
  • Great location with quick access to major commuting routes, shopping and schools
  • New high-end housing developments continue in the area.  Great for appreciation! 
  • A-rated schools
  • Great location close to Liberty MO and the airport! 
  • Each unit has concrete patio out back and a shared grass area (non-fenced)
  • Attached 1-car garages for each unit (total of 4 garages)
  • 3,920 square foot lot


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

  • Built: 2015
  • Size 5,524 square foot property (each unit is 1,381 square feet)
  • Low Crime, Desirable Community, A-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: Kansas City

Team: Meredith  – email directly at kc1@simplydoit.net

Code: 8340

Property Specifications4Per Door
 Bedrooms123
 Bathrooms82.0
 Square Feet55241381
 Year Built2015 
 Garage Size41
 Schools Rating (on scale of A-C) 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$700,000$175,000
Suggested offer (low)$700,000$175,000
Suggested offer (high)$725,000$181,250
Asking$700,000$175,000
Market Value (after improvements)$750,000 
Improvements (lower)$4,000$1,000
Improvements (upper)$8,000$2,000
Closing Costs$7,000$1,750
Mortgage Costs$7,000$1,750
Other Fees At Closing$0$0
Total Cost $720,000$1,750

Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$175,000
 Financed Amount$525,000
 Interest Rate (5/6 ARM)6.500%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$3,318
 Cash Outlay (Total Out of Pocket)$195,000

Financial AssumptionsMonthlyYearly
Rent (upper)$6,140$6,500$78,000
Rent (current rents)$5,780$69,360
Property Tax Rate (Approx.)1.4% 
Property Taxes $825$9,900
Insurance (currently showing $1750/yr)$200$2,400
Repairs $200$2,400
Variable-Cost PM 7.0% 
Property Management Fee$430$5,158
Leasing Fee68%$172.7$2,072
HOA $540$6,480
Vacancy Rate 4.0% 
Total Fixed Expenses$2,596$31,151
 Total Expenses (Fixed + Mortgage)$5,914$70,971

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate2.3%3.5%4.7%6.1%
 Net Cash Flow$22,223$67,481$138,172$236,943
 Equity Increase$196,032$440,109$744,773$1,126,101
 Total Gain$218,255$507,590$882,945$1,363,044
      
 Average Cash Flow/Year$4,445$6,748$9,211$11,847
 Average Cash Flow/Month$370$562$768$987
 Average Gain/Year$43,651$50,759$58,863$68,152
 Average ROI111.9%260.3%452.8%699.0%
 Annual ROI22.4%26.0%30.2%34.9%
 Projected Property Value$912,490$1,110,183$1,350,708$1,643,342

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BFAVORABLE
 Square Feet  10005,524FAVORABLE
 Bedrooms  312FAVORABLE
 Bathrooms  28FAVORABLE
 Year Built  19702015FAVORABLE
 Rent/Price (%)  0.75%0.93%FAVORABLE
 Average Cash Flow (at year 5)  $125$370FAVORABLE
 Average ROI (at year 5)  15%22.4%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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