Who wants and instant $20K?? [Code: 512]
- Property has been on the market for 70 days. Great price negotiation tool!
- ~$100/mo cash flow
- Suggest offer is aggressive to provide instant $20K equity to the investor
|After 15 Years (no mortgage)|
|Original purchase price||$240,000|
|Total investment (out of pocket)||$72,400|
|15 yrs Project house value||$468,245|
|Value (appreciation) Gain||$228,245|
|15 yrs cash-flow generated||$41,665|
|ROI (15 yrs)||372.80%|
|Free & Clear cash flow (yr.)||$17,802|
|Free & Clear cash flow (m)||$1,484|
- 4 bedroom, 2 bath Single Family Home
- Fully remodeled house with high-end modern touches throughout
- Good School District
- Practically new home for under $250K!
- Recently painted exterior, newer roof & HVAC, NEW fence, ALL NEW PEX plumbing, luxury vinyl plank flooring, fresh paint, & TONS of natural light throughout
- Quiet residential street in safe subdivision
- Price has already been reduced by $9K (on 7/15/22)
- Improvement costs are for backyard sodding and small details. No other make-ready necessary to lease for maximum rent
- No HOA fees
- Highly appreciating neighborhood
- Property has been on the market for 70 days. GREAT Negotiation tool!!
- 7,510 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1970
- Size: 1,487 square foot
- Low Crime, desirable community, B rated schools
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Team: Jenny – email directly at email@example.com
|Schools Rating (on scale of A-C)||B|
|Purchase Assumptions||My Offer|
|Offer used for analysis||$240,000|
|Suggested offer (low)||$240,000|
|Suggested offer (high)||$260,000|
|Market Value (after improvements)||$260,000|
|Other Fees At Closing||$0|
|Property Tax Rate (Approx.)||2.2%|
|Property Management Fee||$100||$1,200|
|Total Fixed Expenses||$576||$6,908|
|Total Expenses (Fixed + Mortgage)||$1,640||$19,685|
|Financial Analysis / Deal Attractiveness|
|Net Cash Flow||$6,327||$19,961||$41,665||$72,276|
|Average Cash Flow/Year||$1,265||$1,996||$2,778||$3,614|
|Average Cash Flow/Month||$105||$166||$231||$301|
|Projected Property Value||$316,330||$384,864||$468,245||$569,692|
|Property Ratings Suggestions|
|Item||Suggested Criteria (Min.)||This Property||FAVORABLE /
|Average Cash Flow (at year 5)||$125||$105||INSUFFICIENT|
|Average ROI (at year 5)||15%||20.8%||FAVORABLE|
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.