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Turnkey 4-Unit in St. Louis with great cashflow! [Code 6424]

Posted by Powered by Simply Do It on January 6, 2022
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  • Amazing Location poised nicely for future growth.  Sits in the heart of the Delmar Loop
  • Equivalent to buying 4 properties at once for $144K each
  • All 4 units leased at $1325 each until May/June 2022
  • Over $1,600/mo. cashflow!
  • Full roof repair in 2018, updated electrical panels, new vinyl windows, updated kitchen and bathrooms
  • Good local school district
  • No (low) crime area
  • 5,100+ sq. foot lot

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

  • Built: 1927
  • Size: 4,356+ sq ft on over 5,100 square foot lot
  • Quiet residential street, Desirable community, great schools
  • Little to no updates needed

 

Property Specifications

4

Per Door

Bedrooms

8

2

Bathrooms

4

1

Square Feet

4356

1089

Year Built

1927

 

Garage Size

0

 

Schools Rating (on scale of 0-10)

B

 

Replacement Cost ($/SqFt)

$100

 

 

 

Purchase Assumptions

My Offer

Per Door

Asking

$574,900

$143,725

Suggested offer (low)

$574,900

$143,725

Suggested offer (high)

$574,900

$143,725

Suggested offer (options)

$574,900

$143,725

Land Value (%)

15%

 

Building Value (%)

85%

 

Market Value (after improvements)

$305,000

$76,250

Improvements (lower)

$4,000

 

Improvements (upper)

$6,000

$5,000

Closing Costs

$4,000

 

Mortgage Costs

$4,000

 

Other Fees At Closing

$0

 

Total Cost

$587,900

 

 

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

12.7%

14.2%

15.7%

17.4%

Net Cash Flow

$99,791

$222,249

$369,732

$544,845

Equity Increase

$109,678

$242,321

$402,747

$596,787

Total Gain

$209,469

$464,570

$772,479

$1,141,632

 

 

 

 

 

 

Average Cash Flow/Year

$19,958

$22,225

$24,649

$27,242

Average Cash Flow/Month

$1,663

$1,852

$2,054

$2,270

Average Gain/Year

$41,894

$46,457

$51,499

$57,082

Average ROI

133.7%

296.4%

492.9%

728.4%

Annual ROI

26.7%

29.6%

32.9%

36.4%

Projected Property Value

$371,079

$451,475

$549,288

$668,293

 

 

Property Ratings Suggestions

Item

 

 

My Criteria (Min.)

This Property

FAVORABLE/INSUFFICIENT

Schools

 

 

B

B

FAVORABLE

Square Feet

 

1000

4,356

FAVORABLE

Bedrooms

 

3

8

FAVORABLE

Bathrooms

 

2

4

FAVORABLE

Year Built

 

1970

1927

INSUFFICIENT

Rent/Price (%)

 

0.75%

0.92%

FAVORABLE

Average Cash Flow (at year 5)

$125

$1,663

FAVORABLE

Average ROI (at year 5)

15%

26.7%

FAVORABLE

Cash Flow vs Out-of -Pocket

0.2%

1.1%

FAVORABLE

 

 

Property Photo from January 6, 2022

 

Property Photo from January 6, 2022

 

Property Photo from January 6, 2022

 

 

 

Metro: St. Louis

Team: Theresa/Alicia

Code: 6424

 

 

What’s next?

Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.

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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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