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$ today, gives you $$$ tomorrow!! [Code: 5408]

Posted by Powered by Simply Do It on May 29, 2024
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Why THIS deal??
  • ~$372/mo. cash flow once you can refi to 6.5% 
  • Cash flows at ~$223/mo. at today's rates of 7.25%
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  • Multi-Family Duplex with 3 bedrooms and 2 full bathrooms in each unit! 
  • Located on a cul-de sac street with similar duplexes
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 19 days so there could be room for negotiations
  • Good schools
  • Back on the market after previous buyers did not provide deposit
  • Each unit has a 1-car garage
  • No HOA charges
  • #cashflow  #appreciation

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

  • Built: 1994
  • Size:3,296 square foot home
  • Low Crime, 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:  Kansas City

Team:  Chris – email directly at kc3@simplydoit.net

Code: 5408

Property Specifications2Per Door
 Bedrooms63
 Bathrooms42.0
 Square Feet32961648
 Year Built1994 
 Garage Size21
 Schools Rating (scale 3-30, 30 is best)16 
Lot size (sq ft)                 9,148 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$425,000$212,500
Suggested offer (low)$415,000$207,500
Suggested offer (high)$430,000$215,000
Asking$425,000$212,500
Market Value (after improvements)$427,000 
Estimated Improvements (lower)$4,000$2,000
Estimated Improvements (upper)$15,000$7,500
Estimated Closing Costs$4,250 
Estimated Mortgage Costs$3,421$1,711
Other Fees At Closing (pts, . . . )$2,9757%
Total Cost (estimated)$445,146$1,711

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$127,500
 Financed Amount$297,500
 Interest Rate 7.250%
 Mortgage Term (Years)30
 Monthly Mortgage Payment62.4%$2,029
 Cash Outlay (Total Out of Pocket) $147,646

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
$3,250$3,300$39,600
Rent (lower)*$3,200$38,400
    
Property Taxes $300$3,600
Insurance $200$2,400
Repairs75$200$2,400
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$232$2,789
Leasing Fee68%$91.4$1,097
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses35.2%$1,144$13,734
Total Expenses (Fixed + Mortgage)$3,174$38,088

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate1.8%3.5%5.3%7.3%
 Net Cash Flow$13,371$50,994$117,016$216,273
 Equity Increase$109,234$245,792$417,185$633,245
 Total Gain$122,605$296,786$534,201$849,518
      
 Average Cash Flow/Year$2,674$5,099$7,801$10,814
 Average Cash Flow/Month$223$425$650$901
 Average Gain/Year$24,521$29,679$35,613$42,476
 Average ROI83.0%201.0%361.8%575.4%
 Annual ROI16.6%20.1%24.1%28.8%
 Projected Property Value$519,511$632,064$769,003$935,610

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1416FAVORABLE
 Square Feet  1,0003,296FAVORABLE
 Bedrooms  36FAVORABLE
 Bathrooms  24FAVORABLE
 Year Built  19701994FAVORABLE
 Average Cash Flow (at year 5)  $125$223FAVORABLE
 Average ROI (at year 5)  15%16.6%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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