Hello,
We're gearing up to present TWO investment opportunities in the Kansas City metro area. Both options are promising, each with its unique features that cater to different preferences in your buying strategy.
This week is particularly advantageous for buyers in Kansas City for a couple of reasons:
A. The weather is very cold, encouraging potential buyers to stay indoors in the warmth.
B. The local NFL team, the Chiefs, has a significant game this weekend, and they are a big deal for the locals.
In essence, it's a great time for you to capitalize on these factors to your advantage.
House #1 – code 9226
| Bedrooms | 4 |
| Bathrooms | 2.5 |
| Square Feet | 1895 |
| Year Built | 2005 |
| Garage Size | 2 |
| Schools Rating (scale 3-30, 30 is best) | 18 |
| Lot size (sq ft) | 10,659 |
| Type | Single Family |
| Offer used for analysis | $320,000 |
| Suggested offer (low) | $315,000 |
| Suggested offer (high) | $320,000 |
| Asking | $320,000 |
| Market Value (after improvements) | $350,000 |
| Estimated Improvements (lower) | $8,000 |
| Estimated Improvements (upper) | $12,000 |
| Financing Assumptions | |
| | | 30% |
| Down Payment Amount | $96,000 |
| Financed Amount | $224,000 |
| Interest Rate | | | 6.875% |
| | | 30 |
| | | $1,472 |
Cash Outlay (Total Out of Pocket) | | | $114,016 |
| Estimated Financial Assumptions | Monthly | Yearly |
| Rent (upper)* | $2,100 | $2,200 | $26,400 |
| Rent (lower)* | $2,000 | $24,000 |
| | | |
| Property Taxes | | $195 | $2,340 |
| Insurance | | $120 | $1,440 |
| Repairs | 75 | $70 | $840 |
Property Management Monthly (%) | | 7.2% | |
Property Management Monthly ($) | | $150 | $1,802 |
| Leasing Fee | 68% | $59.1 | $709 |
| | $38 | $456 |
| Vacancy Rate | | 4.0% | |
| Total Fixed Expenses | 34% | $710 | $8,522 |
Total Expenses (Fixed + Mortgage) | | $2,182 | $26,181 |
| Financial Analysis / Deal Attractiveness |
| Years: | 5 | 10 |
| Cap Rate | 0.2% | 1.5% |
| Net Cash Flow | $860 | $17,581 |
| Equity Increase | $89,258 | $200,435 |
| Total Gain | $90,118 | $218,016 |
| | |
| Average Cash Flow/Year | $172 | $1,758 |
| Average Cash Flow/Month | $14 | $147 |
| Average Gain/Year | $18,024 | $21,802 |
| Average ROI | 79.0% | 191.2% |
| Annual ROI | 15.8% | 19.1% |
| Projected Property Value | $425,829 | $518,085 |
If you make an extra payment every year of $172 you will payoff your mortgage in 29 years, and save $17254 on interest. |
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House #2 – code 10401
Note: this houses comes with solar panels that are paid off!
| Bedrooms | 3 |
| Bathrooms | 2 |
| Square Feet | 1826 |
| Year Built | 1991 |
| Garage Size | 2 |
| Schools Rating (scale 3-30, 30 is best) | 20 |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $265,000 |
| Suggested offer (low) | $265,000 |
| Suggested offer (high) | $270,000 |
| Asking | $281,000 |
| Market Value (after improvements) | $320,000 |
| Estimated Improvements (lower) | $7,500 |
| Estimated Improvements (upper) | $9,500 |
| Financing Assumptions | |
| | | 30% |
| Down Payment Amount | $79,500 |
| Financed Amount | $185,500 |
| Interest Rate | | | 6.875% |
| | | 30 |
| | | $1,219 |
Cash Outlay (Total Out of Pocket) | | | $94,638 |
| Estimated Financial Assumptions | Monthly | Yearly |
| Rent (upper)* | $2,075 | $2,150 | $25,800 |
| Rent (lower)* | $2,000 | $24,000 |
| | | |
| Property Taxes | | $240 | $2,880 |
| Insurance | | $125 | $1,500 |
| Repairs | 75 | $85 | $1,020 |
Property Management Monthly (%) | | 7.2% | |
Property Management Monthly ($) | | $148 | $1,780 |
| Leasing Fee | 68% | $58.4 | $700 |
| | $0 | $0 |
| Vacancy Rate | | 4.0% | |
| Total Fixed Expenses | 35% | $734 | $8,805 |
Total Expenses (Fixed + Mortgage) | | $1,952 | $23,429 |
| Financial Analysis / Deal Attractiveness |
| Years: | 5 | 10 |
| Cap Rate | 2.7% | 4.4% |
| Net Cash Flow | $12,973 | $41,410 |
| Equity Increase | $80,450 | $180,467 |
| Total Gain | $93,423 | $221,877 |
| | |
| Average Cash Flow/Year | $2,595 | $4,141 |
| Average Cash Flow/Month | $216 | $345 |
| Average Gain/Year | $18,685 | $22,188 |
| Average ROI | 98.7% | 234.4% |
| Annual ROI | 19.7% | 23.4% |
| Projected Property Value | $389,329 | $473,678 |
If you make an extra payment every year of $2595 you will payoff your mortgage in 20 years, and save $100833 on interest. |
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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.Â
