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This place has EVERYTHING!! [Code: 539]

Posted by Powered by Simply Do It on June 9, 2022
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After 15 Years (no mortgage)  
Original purchase price $299,900
Total investment (out of pocket) $83,473
15 yrs Project house value $576,302
Value (appreciation) Gain $276,402
15 yrs cash-flow generated $96,458
Total Gain $372,860
ROI (15 yrs) 447%
ROI (annually) 30%
   
Free & Clear cash flow (yr.) $23,474
Free & Clear cash flow (m) $1,956
  • 3 bedroom, 2.5 bathroom single family property 
  • Owner has just repaired a crack in the basement.  Awaiting further information from the agent regarding this. 
  • Around $370/mo. cash flow 
  • 2-car attached garage
  • Quiet residential street
  • Highly appreciating neighborhood
  • 53 days on the market which provides additional negotiating opportunities
  • Fully fenced backyard with basketball hoop.  Perfect for families! 
  • No back neighbors
  • Fully updated throughout
  • A/B rated schools


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

  • Built: 2008
  • Size: 8,712 sq ft
  • Quiet residential street, Desirable community, A/B 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: 539


            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1894
             Year Built 2008
             Garage Size 2
             Schools Rating (on scale of A-F) A/B

            Purchase Assumptions My Offer
            Offer used for analysis $299,900
            Suggested offer (low) $299,900
            Suggested offer (high) $320,000
            Asking $299,900
            Market Value (after improvements) $320,000
            Improvements (lower) $2,000
            Improvements (upper) $3,000
            Closing Costs $2,999
            Mortgage Costs $2,999
            Other Fees At Closing $0
            Total Cost  $308,398

            Financial Assumptions Monthly Yearly
            Rent (upper) $2,300 $2,350 $28,200
            Rent (lower) $2,250 $27,000
             Property Tax Rate (Approx.) 1.2%  
             Property Taxes $280 $3,360
             Insurance $125 $1,500
             Repairs $75 $900
            Variable-Cost PM 7.5%  
            Property Management Fee $173 $2,070
             Leasing Fee 75% $71.9 $863
             HOA $8 $96
             Vacancy Rate 4.0%  
             Total Fixed Expenses $817 $9,810
             Total Expenses (Fixed + Mortgage) $1,991 $23,889

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 5.3% 6.5% 7.7% 9.0%
             Net Cash Flow $22,183 $54,001 $96,458 $150,662
             Equity Increase $88,452 $197,039 $330,384 $494,180
             Total Gain $110,634 $251,040 $426,842 $644,841
                       
             Average Cash Flow/Year $4,437 $5,400 $6,431 $7,533
             Average Cash Flow/Month $370 $450 $536 $628
             Average Gain/Year $22,127 $25,104 $28,456 $32,242
             Average ROI 132.5% 300.7% 511.4% 772.5%
             Annual ROI 26.5% 30.1% 34.1% 38.6%
             Projected Property Value $389,329 $473,678 $576,302 $701,159

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A/B FAVORABLE
             Square Feet   1000 1,894 FAVORABLE
             Bedrooms   3 3 FAVORABLE
             Bathrooms   2 2.5 FAVORABLE
             Year Built   1970 2008 FAVORABLE
             Rent/Price (%)   0.75% 0.78% FAVORABLE
             Average Cash Flow (at year 5) $125 $370 FAVORABLE
             Average ROI (at year 5) 15% 26.5% 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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