TIME SENSITIVE: hot deal in St Louis MO with the hard work done
Here's an opportunity to own a turn key rental in the hottest/fastest appreciating county in Missouri. | 3 | Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | |||
| Schools (scale of 3-30, 30 is the best) | 14 | 18 | FAVORABLE | |||
| Square Feet | 1,000 | 1,817 | FAVORABLE | |||
| Bedrooms | 3 | 4 | FAVORABLE | |||
| Bathrooms | 2 | 3 | FAVORABLE | |||
| Year Built | 1970 | 2006 | FAVORABLE | |||
| Average Cash Flow (at year 5) | $125 | $141 | FAVORABLE | |||
| Average ROI (at year 5) | 15% | 17.2% | FAVORABLE | |||
✅ Great rental and purchase comps
- $317k purchase price
- Closing 5/28
- Seller to do repairs highlighted in inspection report
- Appraisal already came back at contract purchase price
- All you need to do is finance the home, or pay with cash.
- Seller to give buyer a $300 credit at closing.
| A | Property Specifications | 1 |
| Bedrooms | 4 | |
| Bathrooms | 3 | |
| Square Feet | 1817 | |
| Year Built | 2006 | |
| Garage Size | 2 | |
| Schools Rating (scale 3-30, 30 is best) | 18 | |
| Lot size (sq ft) | 8,712 |
| B | Purchase Assumptions | My Offer |
| Offer used for analysis | $317,000 | |
| Suggested offer (low) | ||
| Suggested offer (high) | ||
| Asking | $317,000 | |
| Market Value (after improvements) | $320,000 | |
| Estimated Improvements (lower) | $500 | |
| Estimated Improvements (upper) | $1,000 | |
| Estimated Closing Costs | $3,170 | |
| Estimated Mortgage Costs | $2,552 | |
| Other Fees At Closing (pts, . . . ) | $3,100 | |
| Total Cost (estimated) | $326,572 | |
| Original listing date | 3/21/24 | |
| DOM (days on market – TODAY) | 40 |
| Estimated Financial Assumptions | Monthly | Yearly | |||
| D |
| $2,425 | $2,450 | $29,400 | |
| Rent (lower)* | $2,400 | $28,800 | |||
| Property Taxes | $285 | $3,420 | |||
| Insurance | $115 | $1,380 | |||
| Repairs | 75 | $100 | $1,200 | ||
| Property Management Monthly (%) | 7.5% | ||||
| Property Management Monthly ($) | $182 | $2,183 | |||
| Leasing Fee | 75% | $75.8 | $909 | ||
| HOA or Fixed Costs | $31 | $372 | |||
| Vacancy Rate | 4.0% | ||||
| Total Fixed Expenses | 36% | $878 | $10,541 | ||
| Total Expenses (Fixed + Mortgage) | $2,392 | $28,706 | |||
| 1 | Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | ||
| Cap Rate | 1.6% | 3.3% | 5.2% | 7.4% | ||
| Net Cash Flow | $8,475 | $34,857 | $82,216 | $154,134 | ||
| Equity Increase | $81,802 | $184,056 | $312,378 | $474,122 | ||
| Total Gain | $90,277 | $218,913 | $394,594 | $628,256 | ||
| Average Cash Flow/Year | $1,695 | $3,486 | $5,481 | $7,707 | ||
| Average Cash Flow/Month | $141 | $290 | $457 | $642 | ||
| Average Gain/Year | $18,055 | $21,891 | $26,306 | $31,413 | ||
| Average ROI | 86.2% | 209.1% | 377.0% | 600.2% | ||
| Annual ROI | 17.2% | 20.9% | 25.1% | 30.0% | ||
| Projected Property Value | $389,329 | $473,678 | $576,302 | $701,159 | ||
| 3 | Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | |||
| Schools (scale of 3-30, 30 is the best) | 14 | 18 | FAVORABLE | |||
| Square Feet | 1,000 | 1,817 | FAVORABLE | |||
| Bedrooms | 3 | 4 | FAVORABLE | |||
| Bathrooms | 2 | 3 | FAVORABLE | |||
| Year Built | 1970 | 2006 | FAVORABLE | |||
| Average Cash Flow (at year 5) | $125 | $141 | FAVORABLE | |||
| Average ROI (at year 5) | 15% | 17.2% | FAVORABLE | |||
| Future refi rate: | 6.00% | $1,330/yr | $183/mo |
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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.