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TWO Dallas Off-Market Buys [Code: 1845 & 1700]

Posted by Powered by Simply Do It on August 5, 2022
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image.png  Opportunity #1
After 15 Years (no mortgage)
Original purchase price $230,000
Total investment (out of pocket) $66,600
15 yrs Project house value $477,250
Value (appreciation) Gain $247,250
15 yrs cash-flow generated $61,423
Total Gain $308,673
ROI (15 yrs) $5
ROI (annually) $0
   
Free & Clear cash flow (yr.) $17,586
Free & Clear cash flow (m) $1,466

  • 3 bedroom, 2.5 bath detached single family home
  • Off market opportunity and asking price is BELOW market value
  • Current tenant pays $1700/mo. rent and is leased until 3/31/23
  • Good school district
  • Dallas had over 28.8% appreciation year over year.  Well above the national average gain of 19.8% in February 2022
  • Over $215/mo. cash flow 
  • No HOA costs
  • 2 car attached garage 
  • 4,615 square foot fully fenced lot

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

  • Built: 2008
  • Size: 1373 square feet
  • Quiet subdivision, Desirable community, Good schools, Low crime

            What's next?

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

            Metro: Dallas

            Team: James – email directly at meet@simplydoit.net

            Code: 1845

            Property Specifications 1
             Bedrooms 3
             Bathrooms 2.5
             Square Feet 1373
             Year Built 2008
             Garage Size 2
             Schools Rating (on scale of A-C) B
            Purchase Assumptions My Offer
            Offer used for analysis $230,000
            Suggested offer (low) $230,000
            Suggested offer (high) $235,000
            Asking $240,000
            Market Value (after improvements) $265,000
            Improvements (lower) $3,500
            Improvements (upper) $5,500
            Closing Costs $2,300
            Mortgage Costs $2,300
            Other Fees At Closing $0
            Total Cost  $239,100

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,750 $1,800 $21,600
            Rent (lower) $1,700 $20,400
            Property Tax Rate (Approx.) 1.4%  
            Property Taxes   $245 $2,940
            Insurance   $100 $1,200
            Repairs   $70 $840
            Variable-Cost PM   0.0%  
            Property Management Fee $100 $1,200
            Leasing Fee 80% $58.3 $700
            HOA   $0 $0
            Vacancy Rate   4.0%  
            Total Fixed Expenses $639 $7,672
             Total Expenses (Fixed + Mortgage) $1,579 $18,943
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.9% 5.0% 6.1% 7.4%
             Net Cash Flow $13,005 $33,229 $61,423 $98,418
             Equity Increase $71,230 $158,924 $266,950 $400,103
             Total Gain $84,235 $192,153 $328,374 $498,521
                       
             Average Cash Flow/Year $2,601 $3,323 $4,095 $4,921
             Average Cash Flow/Month $217 $277 $341 $410
             Average Gain/Year $16,847 $19,215 $21,892 $24,926
             Average ROI 126.5% 288.5% 493.1% 748.5%
             Annual ROI 25.3% 28.9% 32.9% 37.4%
             Projected Property Value $322,413 $392,265 $477,250 $580,648
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B B FAVORABLE
             Square Feet     1000 1,373 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 $217 FAVORABLE
             Average ROI (at year 5)     15% 25.3% FAVORABLE
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            image.png  Opportunity #2

            After 15 Years (no mortgage)
            Original purchase price $255,000
            Total investment (out of pocket) $73,350
            15 yrs Project house value $513,269
            Value (appreciation) Gain $258,269
            15 yrs cash-flow generated $47,474
            Total Gain $305,743
            ROI (15 yrs) $4
            ROI (annually) $0
               
            Free & Clear cash flow (yr.) $17,924
            Free & Clear cash flow (m) $1,494

            • 3 bedroom, 2 bath detached single family home
            • Off market opportunity and asking price is BELOW market value
            • Property is currently vacant
            • Good school district
            • Dallas had over 28.8% appreciation year over year.  Well above the national average gain of 19.8% in February 2022
            • Over $135/mo. cash flow 
            • No HOA costs
            • 2 car attached garage 
            • 4,615 square foot fully fenced lot

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

            • Built: 2015
            • Size: 1515 square feet
            • Quiet subdivision, Desirable community, Good schools, Low crime

                      What's next?

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

                      Metro: Dallas

                      Team: James – email directly at meet@simplydoit.net

                      Code: 1700

                      Property Specifications 1
                       Bedrooms 3
                       Bathrooms 2
                       Square Feet 1515
                       Year Built 2015
                       Garage Size 2
                       Schools Rating (on scale of A-C) B
                      Purchase Assumptions My Offer
                      Offer used for analysis $255,000
                      Suggested offer (low) $255,000
                      Suggested offer (high) $265,000
                      Asking $270,000
                      Market Value (after improvements) $285,000
                      Improvements (lower) $3,500
                      Improvements (upper) $5,500
                      Closing Costs $2,550
                      Mortgage Costs $2,550
                      Other Fees At Closing $0
                      Total Cost  $264,600

                      Financial Assumptions Monthly Yearly
                      Rent (upper) $1,800 $1,850 $22,200
                      Rent (lower) $1,750 $21,000
                      Property Tax Rate (Approx.) 1.4%  
                      Property Taxes   $270 $3,240
                      Insurance   $100 $1,200
                      Repairs   $70 $840
                      Variable-Cost PM   0.0%  
                      Property Management Fee $100 $1,200
                      Leasing Fee 80% $60.0 $720
                      HOA   $0 $0
                      Vacancy Rate   4.0%  
                      Total Fixed Expenses $668 $8,016
                       Total Expenses (Fixed + Mortgage) $1,709 $20,512
                      Financial Analysis / Deal Attractiveness        
                      Years: 5 10 15 20
                       Cap Rate 2.2% 3.2% 4.3% 5.5%
                       Net Cash Flow $8,212 $23,781 $47,474 $80,136
                       Equity Increase $77,064 $171,970 $288,915 $433,105
                       Total Gain $85,276 $195,751 $336,389 $513,241
                                 
                       Average Cash Flow/Year $1,642 $2,378 $3,165 $4,007
                       Average Cash Flow/Month $137 $198 $264 $334
                       Average Gain/Year $17,055 $19,575 $22,426 $25,662
                       Average ROI 116.3% 266.9% 458.6% 699.7%
                       Annual ROI 23.3% 26.7% 30.6% 35.0%
                       Projected Property Value $346,746 $421,870 $513,269 $624,470
                      Property Ratings Suggestions
                       Item      Suggested Criteria (Min.) This Property FAVORABLE /
                      INSUFFICIENT
                       Schools     B B FAVORABLE
                       Square Feet     1000 1,515 FAVORABLE
                       Bedrooms     3 3 FAVORABLE
                       Bathrooms     2 2 FAVORABLE
                       Year Built     1970 2015 FAVORABLE
                       Rent/Price (%)     0.75% 0.73% INSUFFICIENT
                       Average Cash Flow (at year 5)     $125 $137 FAVORABLE
                       Average ROI (at year 5)     15% 23.3% 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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