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The Ultimate Family Rental in St. Louis Metro [Code 250]

Posted by Powered by Simply Do It on September 14, 2022
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Why THIS deal??
  • ~ $255/mo. cash flow 
  • Price has already been reduced by $4K.  A good sign they are willing to negotiate!
  • 45 Days on the market currently.  Another great price negotiation tool.
  • Highly appreciating neighborhood with amenities to attract quality renters
  • A previous low offer has been submitted and the seller was willing to accept a $251K offer ($6K below current asking price)
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After 15 Years (no mortgage)
Original purchase price $245,000
Total investment (out of pocket) $73,650
15 yrs Project house value $459,241
Value (appreciation) Gain $214,241
15 yrs cash-flow generated $71,959
Total Gain $286,199
ROI (15 yrs) 389%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $20,018
Free & Clear cash flow (m) $1,668

  • 3 bedroom, 2.5 bath Single Family Detached Residence
  • Price recently reduced by $4K
  • Highly appreciating neighborhood
  • ~ $255/mo. cash flow 
  • Neighborhood boasts a disc golf course, basketball courts, playground and even a neighborhood free library
  • No HOA costs
  • A previous low offer has been submitted and the seller was willing to accept a $251K offer ($6K below current asking price)
  • Attached 1-car garage
  • Partially finished basement with unfinished portion used for storage
  • Finished portion has a custom built-in stage and seating area. Perfect for kids!
  • Wood deck off 2nd floor and covered patio area in backyard
  • 6,14 square foot lot


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

  • Built: 2013
  • Size: 1,418 square foot home
  • 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: St. Louis

            Team: Nathan – email directly at stl1@simplydoit.net

            Code: 250


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1418
             Year Built 2003
             Garage Size 1
             Schools Rating (on scale of A-C) A

            Purchase Assumptions My Offer
            Offer used for analysis $245,000
            Suggested offer (low) $245,000
            Suggested offer (high) $250,000
            Asking $257,000
            Market Value (after improvements) $255,000
            Improvements (lower) $5,000
            Improvements (upper) $10,000
            Closing Costs $2,450
            Mortgage Costs $2,450
            Other Fees At Closing $0
            Total Cost  $257,400

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,925 $1,950 $23,400
            Rent (lower) $1,900 $22,800
            Property Tax Rate (Approx.) 1.0%  
            Property Taxes   $225 $2,700
            Insurance   $110 $1,320
            Repairs   $50 $600
            Variable-Cost PM   7.5%  
            Property Management Fee $144 $1,733
            Leasing Fee 75% $60.2 $722
            HOA   $0 $0
            Vacancy Rate   4.0%  
            Total Fixed Expenses $661 $7,929
             Total Expenses (Fixed + Mortgage) $1,719 $20,622

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 4.2% 5.3% 6.5% 7.8%
             Net Cash Flow $15,484 $39,185 $71,959 $114,749
             Equity Increase $91,570 $204,434 $343,678 $515,642
             Total Gain $107,054 $243,619 $415,637 $630,391
                       
             Average Cash Flow/Year $3,097 $3,919 $4,797 $5,737
             Average Cash Flow/Month $258 $327 $400 $478
             Average Gain/Year $21,411 $24,362 $27,709 $31,520
             Average ROI 145.4% 330.8% 564.3% 855.9%
             Annual ROI 29.1% 33.1% 37.6% 42.8%
             Projected Property Value $437,995 $532,888 $648,340 $788,804

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet     1000 1,418 FAVORABLE
             Bedrooms     3 3 FAVORABLE
             Bathrooms     2 2.5 FAVORABLE
             Year Built     1970 2003 FAVORABLE
             Rent/Price (%)     0.75% 0.80% FAVORABLE
             Average Cash Flow (at year 5)     $125 $258 FAVORABLE
             Average ROI (at year 5)     15% 29.1% 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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