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Your Next Great Investment Awaits… [Code: 1412]

Posted by Powered by Simply Do It on July 1, 2024
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Why THIS deal??
  • ~$155/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$65/mo. at today's rates of 6.75%

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  • Single Family Home with 4 bedrooms and 3 full bathrooms
  • Recent price drop of $5,500 on 6/26/2024
  • Located on a cul-de-sac street
  • Great location with quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market for 52 days so there could be room for negotiations
  • Good schools
  • No HOA charges
  • #cashflow  #appreciation  #Turnkey

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

  • Built: 1976
  • Size:1,954 square foot home
  • Low Crime, Desirable Community, B 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: Chris  – email directly at kc3@simplydoit.net

Code: 1412

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1954
 Year Built1976
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)16
Lot size (sq ft)               12,310

Purchase AssumptionsMy Offer
Offer used for analysis$261,500
Suggested offer (low)$250,000
Suggested offer (high)$262,000
Asking$261,500
Market Value (after improvements)$262,000
Estimated Improvements (lower)$2,000
Estimated Improvements (upper)$6,000
Estimated Closing Costs$2,615
Estimated Mortgage Costs$2,105
Other Fees At Closing (pts, . . . )$1,831
Total Cost (estimated)$272,051

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$78,450
 Financed Amount$183,050
 Interest Rate 6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment65.1%$1,187
 Cash Outlay (Total Out of Pocket) $89,001

Estimated Financial AssumptionsMonthlyYearly

Rent (upper)*
$1,825$1,900$22,800
Rent (lower)*$1,750$21,000
    
Property Taxes $155$1,860
Insurance $150$1,800
Repairs75$100$1,200
Property Management Monthly (%)7.2% 
Property Management Monthly ($)$130$1,566
Leasing Fee68%$51.3$616
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses35.9%$655$7,855
Total Expenses (Fixed + Mortgage)$1,842$22,102

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate0.9%2.4%4.1%6.0%
 Net Cash Flow$3,906$21,353$54,661$106,538
 Equity Increase$67,974$152,731$258,730$391,727
 Total Gain$71,880$174,084$313,391$498,265
      
 Average Cash Flow/Year$781$2,135$3,644$5,327
 Average Cash Flow/Month$65$178$304$444
 Average Gain/Year$14,376$17,408$20,893$24,913
 Average ROI80.8%195.6%352.1%559.8%
 Annual ROI16.2%19.6%23.5%28.0%
 Projected Property Value$318,763$387,824$471,847$574,074

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1416FAVORABLE
 Square Feet  1,0001,954FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701976FAVORABLE
 Average Cash Flow (at year 5)  $125$65INSUFFICIENT
 Average ROI (at year 5)  15%16.2%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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