Advanced Search
Your search results

Wow! Newly built duplex with great ROI! [Code: 1224 & 1226]

Posted by Powered by Simply Do It on June 29, 2022
0
sdi_logo (002).png
image.png
After 15 Years (no mortgage)  
Original purchase price $550,000
Total investment (out of pocket) $150,500
15 yrs Project house value $994,121
Value (appreciation) Gain $444,121
15 yrs cash-flow generated $134,662
Total Gain $578,782
ROI (15 yrs) 385%
ROI (annually) 26%
   
Free & Clear cash flow (yr.) $39,827
Free & Clear cash flow (m) $3,319
  • Newly built move in ready duplex
  • 3-bedroom, 2.5-bathroom units
  • Quiet residential cul-de-sac street 
  • Low crime area
  • Highly appreciating area of the Kansas City 
  • Over $450/mo. cash flow 
  • A rated school district
  • Easy Freeway access for commuters
  • Each unit has a scenic wooded backyard view

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

  • Built: 2020
  • Size: 1,150  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: Kansas City

            Team: Meredith/Elizabeth – email directly at kc1@simplydoit.net

            Code: 1224 &1226

            Property Specifications 2 Per Door
             Bedrooms 6 3
             Bathrooms 5 2.5
             Square Feet 2300 1150
             Year Built 2020  
             Garage Size 2
             Schools Rating (on scale of A-F) A  
            Purchase Assumptions My Offer Per Door
            Offer used for analysis $550,000 $275,000
            Suggested offer (low) $550,000 $275,000
            Suggested offer (high) $560,000 $280,000
            Asking $550,000 $275,000
            Market Value (after improvements) $552,000 $276,000
            Improvements (lower) $1,500 $750
            Improvements (upper) $2,500 $1,250
            Closing Costs $5,500  
            Mortgage Costs $5,500 $2,750
            Other Fees At Closing $0 $0
            Total Cost  $563,000 $2,750

            Financial Assumptions Monthly Yearly
            Rent (upper) $3,885 $3,920 $47,040
            Rent (lower) $3,850 $46,200
             Property Tax Rate (Approx.) 1.4%  
             Property Taxes $308 $3,700
             Insurance $200 $2,400
             Repairs $100 $1,200
            Variable-Cost PM 7.2%  
            Property Management Fee $278 $3,333
             Leasing Fee 68% $109.3 $1,311
             HOA $230 $2,760
             Vacancy Rate 4.0%  
             Total Fixed Expenses $1,370 $16,436
             Total Expenses (Fixed + Mortgage) $3,521 $42,258
            Financial Analysis / Deal Attractiveness        
            Years: 5 10 15 20
             Cap Rate 3.7% 4.8% 6.0% 7.2%
             Net Cash Flow $27,971 $72,291 $134,662 $216,961
             Equity Increase $154,662 $344,616 $577,982 $864,771
             Total Gain $182,634 $416,907 $712,643 $1,081,733
                       
             Average Cash Flow/Year $5,594 $7,229 $8,977 $10,848
             Average Cash Flow/Month $466 $602 $748 $904
             Average Gain/Year $36,527 $41,691 $47,510 $54,087
             Average ROI 121.4% 277.0% 473.5% 718.8%
             Annual ROI 24.3% 27.7% 31.6% 35.9%
             Projected Property Value $671,592 $817,095 $994,121 $1,209,500
            Property Ratings Suggestions
             Item      Suggested Criteria (Min.) This Property FAVORABLE /
            INSUFFICIENT
             Schools     B A FAVORABLE
             Square Feet   1000 2,300 FAVORABLE
             Bedrooms   3 6 FAVORABLE
             Bathrooms   2 5 FAVORABLE
             Year Built   1970 2020 FAVORABLE
             Rent/Price (%)   0.75% 0.71% INSUFFICIENT
             Average Cash Flow (at year 5) $125 $466 FAVORABLE
             Average ROI (at year 5) 15% 24.3% FAVORABLE

            image.png
            image.png
            image.png
            image.png
            sdi_logo (002).png

            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

            Compare Listings