Advanced Search
Your search results

This Gift Just Keeps on Giving [Code: 501]

Posted by Powered by Simply Do It on August 17, 2023
0
SDI  logo only.png
Why THIS deal??
  • ~$1,320/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$945 at today's rates of 7.375%
image.png
Mortgage Acceleration
Applying your annual cash flow (EPP*)$11,327
Applying your monthly cash flow (EPP*)$944
Years to payoff mortgage 15
Interest paid over 30 years$609,683
Int. paid in 15 yrs, using EPP$265,886
Your int. savings$343,797
If you make an extra payment every year of $11,327 you will pay off your mortgage in 15 years, and save $343,797 on interest.
  • 10 bedroom, 6 bath Multi-Family Home 
  • Quad-Plex with 4 attached homes
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly sought after area with great appreciation
  • Highly rated schools
  • Will need some repairs and updating
  • No HOA charges
  • 3 units currently rented on month-to-month leases
  • Attached 1-car garages for each unit (4 1-car garages in total)
  • 0.32 acre lot


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

  • Built: 1984
  • Size: 5,064 square foot 4-plex
  • Low Crime, Desirable Community, Great 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: Jeanette/Candice  – email directly at kc2@simplydoit.net

Code: 501

Property Specifications4Per Door
 Bedrooms102 & 3
 Bathrooms61.5
 Square Feet50641266
 Year Built1985 
 Garage Size41
 Schools Rating (on scale of A-C)B 

Purchase AssumptionsMy Offer
Offer used for analysis$592,000
Suggested offer (low)$592,000
Suggested offer (high)$600,000
Asking$600,000
Market Value (after improvements)$605,000
Improvements (lower)$8,000
Improvements (upper)$16,000
Closing Costs$5,920
Mortgage Costs$5,920
Other Fees At Closing (pts, . . . )$5,920
Total Cost $621,760
Original listing date8/14/23
DOM (days on market – TODAY)3

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$177,600
 Financed Amount$414,400
 Interest Rate 7.375%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$2,862
 Cash Outlay (Total Out of Pocket) $207,360

Financial AssumptionsMonthlyYearly
Rent (upper)$5,200$5,600$67,200
Rent (lower)$4,800$57,600
Property Tax Rate (Approx.)   
Property Taxes $500$6,000
Insurance $250$3,000
Repairs $400$4,800
Property Management Monthly (%)7.0% 
Property Management Monthly ($)$75$900
Leasing Fee#N/A$162.5$1,950
HOA or Fixed Costs$50 
Vacancy Rate 4.0% 
Total Fixed Expenses32%$1,643$19,710
 Total Expenses (Fixed + Mortgage)$4,505$54,056

image.png

image.png

image.png

image.png

SDI logo.JPG

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. 

Compare Listings