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Who wants $20K instant equity??? [code: 1804]

Posted by Powered by Simply Do It on May 31, 2022
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After 15 Years (no mortgage)  
Original purchase price $330,000
Total investment (out of pocket) $95,600
15 yrs Project house value $630,330
Value (appreciation) Gain $300,330
15 yrs cash-flow generated $49,068
Total Gain $349,399
ROI (15 yrs) 365%
ROI (annually) 24%
   
Free & Clear cash flow (yr.) $21,475
Free & Clear cash flow (m) $1,790
  • 3 bedroom, 2.5 bathroom single family home
  • EXCLUSIVE SDI OFFER! No bidding wars here
  • Around $120/mo. cash flow 
  • 2-car attached garage
  • Available for 7-year ARM financing at lower interest rate (we used 4.75% for analysis)
  • Quiet residential cul-de-sac street
  • Highly appreciating neighborhood
  • Growing community
  • Long-term tenant occupied at below market ($1,625)
  • Offered at $20K below market. Instant Equity! 
  • Amazing A-rated schools
  • 3,194 square foot lot


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

  • Built: 1993
  • Size: 2,132 sq ft
  • Quiet residential street, Desirable community, A-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: Birmingham

            Team: Don and Carter – email directly at bir1@simplydoit.net

            Code: 1804



            Property Specifications 1
             Bedrooms 4
             Bathrooms 3
             Square Feet 2132
             Year Built 1993
             Garage Size 2
             Schools Rating (on scale of A-F) A


            Purchase Assumptions My Offer
            Offer used for analysis $330,000
            Suggested offer (low) $330,000
            Suggested offer (high) $330,000
            Asking $330,000
            Market Value (after improvements) $350,000
            Improvements (lower) $3,000
            Improvements (upper) $10,000
            Closing Costs $3,300
            Mortgage Costs $3,300
            Other Fees At Closing $0
            Total Cost  $343,100

            Financial Assumptions Monthly Yearly
            Rent (upper) $1,913 $2,200 $26,400
            Rent (lower) $1,625 $19,500
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $90 $1,080
             Insurance $100 $1,200
             Repairs $75 $900
            Variable-Cost PM 8.0%  
            Property Management Fee $153 $1,836
             Leasing Fee 60% $47.8 $574
             HOA $20 $240
             Vacancy Rate 4.0%  
             Total Fixed Expenses $556 $6,674
             Total Expenses (Fixed + Mortgage) $1,847 $22,167

            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 1.5% 2.4% 3.4% 4.5%
             Net Cash Flow $7,235 $23,285 $49,068 $85,598
             Equity Increase $96,871 $215,798 $361,847 $541,256
             Total Gain $104,105 $239,083 $410,915 $626,854
                       
             Average Cash Flow/Year $1,447 $2,329 $3,271 $4,280
             Average Cash Flow/Month $121 $194 $273 $357
             Average Gain/Year $20,821 $23,908 $27,394 $31,343
             Average ROI 108.9% 250.1% 429.8% 655.7%
             Annual ROI 21.8% 25.0% 28.7% 32.8%
             Projected Property Value $425,829 $518,085 $630,330 $766,893

            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 2,132 FAVORABLE
             Bedrooms   3 4 FAVORABLE
             Bathrooms   2 3 FAVORABLE
             Year Built   1970 1993 FAVORABLE
             Rent/Price (%)   0.75% 0.67% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $121 INSUFFICIENT
             Average ROI (at year 5) 15% 21.8% 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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