Advanced Search

Your search results

Unlock Appreciation Returns: Invest in Kansas City’s Real Estate Market! [Code: 604]

Posted by Powered by Simply Do It on November 12, 2024
0 Comments
image.png
image.png     image.png
image.png    image.png
Why THIS deal??
  • ~$190/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$116/mo. at today's rates of 6.625% 

SDI logo.jpg

  • Single family home with 3 bedrooms and 2 bath
  • Location has quick access to major commuting routes, shopping and schools
  • We have many SDI investors in this area who are doing well with their properties
  • Good schools in this area attract solid tenants
  • Finished basement 
  • Highly appreciating area with a strong rental market
  • Property has been on the market for 46 days
  • No HOA charges
  • #cashflow  #appreciation  

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

  • Built: 1987
  • Size: 1,560 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: 604



Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1560
 Year Built1987
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)17
Lot size (sq ft)6,821
Purchase AssumptionsMy Offer
Offer used for analysis$260,000
Suggested offer (low)$260,000
Suggested offer (high)$270,000
Asking$271,500
Market Value (after improvements)$265,000
Day-1 Equity$5,000
Estimated Improvements (lower)$5,000
Estimated Improvements (upper)$10,000
Estimated Closing Costs$2,600
Estimated Mortgage Costs$1,820
Other Fees At Closing (pts, . . . )$1,820
Total Cost (estimated)$273,740
Original listing date10/15/24
DOM (days on market – TODAY)28
Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$78,000
 Financed Amount$182,000
 Interest Rate 6.625%
 Mortgage Term (Years)30
 Monthly Mortgage Payment60.5%$1,165
 Cash Outlay (Total Out of Pocket) $91,740

Estimated Financial Assumptions
 MonthlyYearly
Rent (upper)*$1,925$2,000$24,000
Rent (lower)*$1,850$22,200
    
Property Taxes $240$2,880
Insurance $125$1,500
Repairs75$100$1,200
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$138$1,652
Leasing Fee68%$54.1$650
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses37.8%$728$8,739
Total Expenses (Fixed + Mortgage)$1,894$22,724

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate1.5%3.1%4.8%6.7%
 Net Cash Flow$6,976$27,989$65,461$122,219
 Equity Increase$68,798$154,492$261,521$395,590
 Total Gain$75,774$182,481$326,982$517,809
      
 Average Cash Flow/Year$1,395$2,799$4,364$6,111
 Average Cash Flow/Month$116$233$364$509
 Average Gain/Year$15,155$18,248$21,799$25,890
 Average ROI82.6%198.9%356.4%564.4%
 Annual ROI16.5%19.9%23.8%28.2%
 Projected Property Value$322,413$392,265$477,250$580,648

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1417FAVORABLE
 Square Feet  1,0001,560FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701987FAVORABLE
 Average Cash Flow (at year 5)  $125$116INSUFFICIENT
 Average ROI (at year 5)  15%16.5%FAVORABLE

SDI logo.jpg

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. 

Upcoming Events

Overcoming Top 10 Investor Concerns:

Navigating Real Estate Investing FREE ONLINE Educational Class

Thursday, December 5, 6:00 PM Pacific, Online

[ register ]


Peer Review Your Investment Deals

Collaborative Real Estate Session

Wednesday, January 22, 2025, 6:00 PM Pacific Online

[ register ]

 

This will close in 23 seconds

Compare Listings

TitlePriceStatusTypeAreaPurposeBedroomsBathrooms

Compare Listings