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This House Will Go FAST! Don’t Wait…. [Code: 472]

Posted by Powered by Simply Do It on June 30, 2023
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Why THIS deal??
  • ~$440/mo. cash flow once you can refi to 5.0% 
  • Cash flows at ~$200 at today's rates of 6.75%
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Mortgage Acceleration
Applying your annual cash flow (EPP*)$2,431
Applying your monthly cash flow (EPP*)$203
Years to payoff mortgage 21
Interest paid over 30 years$282,224
Int. paid in 21 yrs, using EPP$181,618
Your int. savings$100,606
If you make an extra payment every year of $2,431 you will pay off your mortgage in 21 years, and save $100,606 on interest.
  • 3 bedroom, 3 bath Single Family Home 
  • Great location with quick access to major commuting routes, shopping and schools
  • Expansive open concept vaulted great room with wood floors throughout
  • Highly rated schools
  • No HOA charges
  • 3 main floor bedrooms and an open staircase
  • Attached 2-car garage
  • 0.37 acre wooded backyard


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

  • Built: 2012
  • Size: 1,842 square foot home
  • Low Crime, Desirable Community, Good 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: 472

Property Specifications1
 Bedrooms3
 Bathrooms3
 Square Feet1842
 Year Built2012
 Garage Size2
 Schools Rating (on scale of A-C)B

Purchase AssumptionsMy Offer
Offer used for analysis$305,000
Suggested offer (low)$295,000
Suggested offer (high)$305,000
Asking$285,000
Market Value (after improvements)$305,000
Improvements (lower)$3,000
Improvements (upper)$5,000
Closing Costs$3,050
Mortgage Costs$3,050
Other Fees At Closing (pts, . . . )$3,050
Total Cost $318,150
Original listing date6/29/23
DOM (days on market – TODAY)1

Financing Assumptions 
 Down Payment (%)30%
 Down Payment Amount$91,500
 Financed Amount$213,500
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,385
 Cash Outlay (Total Out of Pocket) $104,650

Financial AssumptionsMonthlyYearly
Rent (upper)$2,200$2,250$27,000
Rent (lower)$2,150$25,800
Property Tax Rate (Approx.)   
Property Taxes $220$2,640
Insurance $115$1,380
Repairs $75$900
Property Management Monthly (%)7.0% 
Property Management Monthly ($)$154$1,848
Leasing Fee75%$68.8$825
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses32%$715$8,575
 Total Expenses (Fixed + Mortgage)$2,099$25,192

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.3%3.9%5.7%7.7%
 Net Cash Flow$12,153$41,126$89,768$161,403
 Equity Increase$79,155$177,857$301,303$456,196
 Total Gain$91,308$218,983$391,071$617,598
      
 Average Cash Flow/Year$2,431$4,113$5,985$8,070
 Average Cash Flow/Month$203$343$499$673
 Average Gain/Year$18,262$21,898$26,071$30,880
 Average ROI87.3%209.3%373.7%590.2%
 Annual ROI17.5%20.9%24.9%29.5%
 Projected Property Value$371,079$451,475$549,288$668,293

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet  1,0001,842FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  23FAVORABLE
 Year Built  19702012FAVORABLE
 Rent/Price (%)  0.75%0.74%INSUFFICIENT
 Average Cash Flow (at year 5)  $125$203FAVORABLE
 Average ROI (at year 5)  15%17.5%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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