4 bed/2 bath split level $225k – St Louis metro
Hi,
New on market
Rent is conservative – 4 bedrooms bring a higher rent – but given the time of year, I put it on the low end.
The commission is 2.5, so – 0.2% will be added by the buyer.
Rent is conservative – 4 bedrooms bring a higher rent – but given the time of year, I put it on the low end.
The commission is 2.5, so – 0.2% will be added by the buyer.
Email/text for full address, analysis and the correct SDI local team in St Louis
| Financial Analysis / Deal Attractiveness | ||
| Years: | 5 | 10 |
| Cap Rate | 6.9% | 8.0% |
| Net Cash Flow | $23,123 | $53,327 |
| Equity Increase | $66,395 | $146,616 |
| Total Gain | $89,518 | $199,943 |
| Average Cash Flow/Year | $4,625 | $5,333 |
| Average Cash Flow/Month | $385 | $444 |
| Average Gain/Year | $17,904 | $19,994 |
| Average ROI | 134.2% | 299.8% |
| Annual ROI | 26.8% | 30.0% |
| Projected Property Value | $273,747 | $333,055 |
Property Specifications
| Bedrooms | 4 |
| Bathrooms | 2 |
| Square Feet | 1,036 |
| Year Built | 1973 |
| Garage Size | 2 |
| Schools Rating (on a scale of 0-10) | B |
| Suggested offer (options) | $225,000 |
| Improvements (lower) | $3,500 |
| Improvements (upper) | $6,500 |
| Closing Costs | $2,500 |
| Mortgage Costs | $2,500 |
| Other Fees At Closing | $450 |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $56,250 | ||
| Financed Amount | $168,750 | ||
| Interest Rate | 3.40% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $748 | ||
| Cash Outlay (Total Out of Pocket) | $66,700 | ||
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $1,750 | $1,800 | $21,600 | |
| Rent (lower) | $1,700 | $20,400 | ||
| Property Tax Rate (Approx.) | 1.20% | |||
| Property Taxes | $225 | $2,700 | ||
| Insurance | $100 | $1,200 | ||
| Repairs | $85 | $1,020 | ||
| Variable-Cost PM | 7.5% | |||
| Property Management Fee | $131 | $1,575 | ||
| Leasing Fee | 75% | $54.7 | $656 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $661 | $7,928 | ||
| Total Expenses (Fixed + Mortgage) | $1,409 | $16,909 | ||
All the best,
Dani
Dani Beit-Or
Simply Do It Investing
Tampa | Houston | Dallas | Nashville | St Louis | Kansas City | Birmingham | Chattanooga
Podcast: Guided Real Estate Investing by Simply Do It – anchor.fm/simplydoit