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Upgraded opportunity with awesome cash flow [code 4630]

Posted by Powered by Simply Do It on January 19, 2022
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  • Completely remodeled top to bottom
  • Excellent cash flow of $460/mo.
  • Roof is only 1 year old
  • New vinyl windows and floors throughout
  • Fully fenced large backyard with wood deck off the back
  • No (low) crime area
  • Your primary renter will probably be a dual income/no children family.
  • Walkable St. Louis city neighborhood
  • Washer, Dryer, Refrigerator, Stove, Microwave Dishwasher to convey with purchase of property
  • Basement with no signs of moisture
  • New PVC stack for plumbing.  Might have lateral issues with city sewage.
  • Detached 2-car garage
  • Upgraded kitchen with open concept living area
  • 4,300+ sq. foot lot 

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

  • Built: 1923
  • Size: 1,263 sq ft sitting on a 4,300+ square foot lot
  • Quiet residential street, Desirable community, walkable score of 67

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: Alicia

Code: 4630

stl2@simplydoit.net

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet `1263
 Year Built 1923
 Garage Size 2
 Schools Rating (on scale of A-F) C

Purchase Assumptions My Offer
Offer used for analysis $250,000
Suggested offer (low) $250,000
Suggested offer (high) $265,000
Asking $250,000
Market Value (after improvements) $260,000
Improvements (lower) $2,500
Improvements (upper) $3,500
Closing Costs $2,500
Mortgage Costs $2,500
Other Fees At Closing $1,000
Total Cost  $259,000

Financial Assumptions Monthly Yearly
Rent (upper) $1,900 $2,000 $24,000
Rent (lower) $1,800 $21,600
 Property Tax Rate (Approx.) 0.68
 Property Taxes $142 $1,704
 Insurance $110 $1,320
 Repairs $75 $900
Variable-Cost PM 7.5%
Property Management Fee $143 $1,710
 Leasing Fee 75% $59.4 $713
 HOA $0 $0
 Vacancy Rate 6.0%
 Total Fixed Expenses $634 $7,612
 Total Expenses (Fixed + Mortgage) $1,492 $17,905

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 7.7% 8.9% 10.1% 11.4%
 Net Cash Flow $27,575 $63,377 $108,262 $163,174
 Equity Increase $75,218 $166,415 $276,991 $411,066
 Total Gain $102,793 $229,792 $385,252 $574,241
 Average Cash Flow/Year $5,515 $6,338 $7,217 $8,159
 Average Cash Flow/Month $460 $528 $601 $680
 Average Gain/Year $20,559 $22,979 $25,683 $28,712
 Average ROI 143.8% 321.4% 538.8% 803.1%
 Annual ROI 28.8% 32.1% 35.9% 40.2%
 Projected Property Value $316,330 $384,864 $468,245 $569,692

Property Ratings Suggestions
 Item  Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools B C INSUFFICIENT
 Square Feet 1000 `1263 FAVORABLE
 Bedrooms 3 3 FAVORABLE
 Bathrooms 2 2 FAVORABLE
 Year Built 1970 1923 INSUFFICIENT
 Rent/Price (%) 0.75% 0.80% FAVORABLE
 Average Cash Flow (at year 5) $125 $460 FAVORABLE
 Average ROI (at year 5) 15% 28.8% 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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