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Updated Quad in St. Louis. Don’t Miss this One!! [Code: 4566]

Posted by Powered by Simply Do It on October 13, 2022
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Why THIS deal??
  • Brand new opportunity on the market only 2 days
  • ~$200/mo. cash flow
  • New HVAC systems, electrical, plumbing, windows and kitchens & baths as of 2012
  • New Roof in 2019
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After 15 Years (no mortgage)
Original purchase price $350,000
Total investment (out of pocket) $103,350
15 yrs Project house value $630,330
Value (appreciation) Gain $280,330
15 yrs cash-flow generated $67,815
Total Gain $348,145
ROI (15 yrs) 336.86%
ROI (annually) 22.46%
   
Free & Clear cash flow (yr.) $26,500
Free & Clear cash flow (m) $2,208
  • 4 bedroom, 4 bath Multi Family Home (Four 1 bed/1 bath units)
  • Quick access to all that city life has to offer
  • Many A rated charter and private schools nearby that are often utilized by families
  • Units are 1 bedroom/1 bath, so your typical tenant will be a young professional without kids
  • Zero HOA fees
  • Great location with quick access to major commuting routes
  • Area undergoing appreciation and increasing rents
  • Attached 2-car garage
  • 5,619 square foot lot


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

  • Built: 1925
  • Size: 2,958 square foot building
  • Low Crime, desirable community,


What's next?

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

Metro: St. Louis

Team: Fred – email directly at stl1@simplydoit.net

Code: 4566


Property Specifications 4 Per Door
 Bedrooms (1 Bedroom Units) 4 1
 Bathrooms (1 Bathroom Units) 4 1.0
 Square Feet 2958 740
 Year Built 1925
 Garage Size 0
 Schools Rating (on scale of A-C) C

Purchase Assumptions My Offer Per Door
Offer used for analysis $350,000 $87,500
Suggested offer (low) $340,000 $85,000
Suggested offer (high) $350,000 $87,500
Asking $340,000 $85,000
Market Value (after improvements) $350,000
Improvements (lower) $4,000 $1,000
Improvements (upper) $6,000 $1,500
Closing Costs $3,500
Mortgage Costs $3,500 $875
Other Fees At Closing $3,850 $963
Total Cost  $365,850 $875

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $87,500
 Financed Amount $262,500
 Interest Rate (15/30 ARM) 5.875%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,553
 Cash Outlay (Total Out of Pocket) $103,350

Financial Assumptions Monthly Yearly
Rent (upper) $2,725 $2,800 $33,600
Rent (lower) $2,650 $31,800
Property Tax Rate (Approx.) 2.5%
Property Taxes $155 $1,860
Insurance $100 $1,164
Repairs $200 $2,400
Variable-Cost PM 7.5%
Property Management Fee $204 $2,453
Leasing Fee 75% $85.2 $1,022
Utilities  $206 $2,476
Vacancy Rate 4.0%
Total Fixed Expenses $1,051 $12,616
 Total Expenses (Fixed + Mortgage) $2,604 $31,250

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.2% 3.2% 4.4% 5.6%
 Net Cash Flow $11,349 $33,577 $67,815 $115,313
 Equity Increase $94,441 $211,649 $357,339 $538,736
 Total Gain $105,791 $245,226 $425,154 $654,049
 Average Cash Flow/Year $2,270 $3,358 $4,521 $5,766
 Average Cash Flow/Month $189 $280 $377 $480
 Average Gain/Year $21,158 $24,523 $28,344 $32,702
 Average ROI 102.4% 237.3% 411.4% 632.8%
 Annual ROI 20.5% 23.7% 27.4% 31.6%
 Projected Property Value $425,829 $518,085 $630,330 $766,893

Property Ratings Suggestions          
 Item  Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools B C INSUFFICIENT
 Square Feet 1000 2,958 FAVORABLE
 Bedrooms 3 4 FAVORABLE
 Bathrooms 2 4 FAVORABLE
 Year Built 1970 1925 INSUFFICIENT
 Rent/Price (%) 0.75% 0.80% FAVORABLE
 Average Cash Flow (at year 5) $125 $189 FAVORABLE
 Average ROI (at year 5) 15% 20.5% 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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