Absolutely Gorgeous St. Louis Duplex with Great Cash Flow [code: 5009]

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  • Newly listed.  Do not miss this opportunity! 
  • Over $740/mo. cashflow
  • Gorgeous Duplex with a 3/2 and 2/2 unit
  • Each has a sunroom which is often used as a 3rd bedroom
  • Full remodel in 2018 with decorative upgrades throughout.  Little to no improvements needed
  • The ideal tenant would be Double Income/No Children
  • Located in the highly popular South Hampton neighborhood
  • 4 off-street parking spots
  • fully fenced backyard
  • No (low) crime area
  • Current owner is willing to help place new renters at $1400/$1500 for each unit
  • This opportunity is the equivalent of purchasing 2 properties at $165K each

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

  • Built: 1924
  • Size: 2,325+ sq ft 
  • Quiet residential street, Desirable community, Walkable score of 72
  • Turnkey property in wonderful condition


What's next?

Email/text Simply Do It or the Agent for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: St. Louis

Team: Alicia – email her directly: stl2@simplydoit.net

Code: 5009

Property Specifications2Per Door
 Square Feet23281164
 Year Built1924 
 Garage Size0 
 Schools Rating (on scale of 0-10)C 
Replacement Cost ($/SqFt)$100 

Purchase AssumptionsMy OfferPer Door
Suggested offer (low)$325,000$162,500
Suggested offer (high)$325,000$162,500
Suggested offer (options)$325,000$162,500
Land Value (%)15% 
Building Value (%)85% 
 Market Value (after improvements)$325,000$162,500
 Improvements (lower)$2,000 
 Improvements (upper)$3,000$2,500
 Closing Costs$3,250 
 Mortgage Costs$3,250 
 Other Fees At Closing$0 
 Total Cost $334,000 

Financial AssumptionsMonthlyYearly
Rent (upper)$2,775$2,900$34,800
Rent (lower)$2,650$31,800
 Property Tax Rate (Approx.)0.60% 
 Property Taxes$350$4,200
Variable-Cost PM7.5% 
Property Management Fee$208$2,498
 Leasing Fee75%$86.7$1,041
 Vacancy Rate4.0% 
 Total Fixed Expenses$988$11,850
 Total Expenses (Fixed + Mortgage)$2,103$25,231

Financial Analysis / Deal Attractiveness    
 Cap Rate9.9%11.2%12.6%14.0%
 Net Cash Flow$44,722$101,062$170,230$253,559
 Equity Increase$94,967$210,096$349,675$518,901
 Total Gain$139,689$311,158$519,905$772,460
 Average Cash Flow/Year$8,944$10,106$11,349$12,678
 Average Cash Flow/Month$745$842$946$1,056
 Average Gain/Year$27,938$31,116$34,660$38,623
 Average ROI154.8%344.8%576.1%855.9%
 Annual ROI31.0%34.5%38.4%42.8%
 Projected Property Value$395,412$481,079$585,307$712,115

Property Ratings Suggestions
 Item   My Criteria (Min.)This PropertyFAVORABLE/INSUFFICIENT
 Square Feet 10002,328FAVORABLE
 Bedrooms 35FAVORABLE
 Bathrooms 22FAVORABLE
 Year Built 19701924INSUFFICIENT
 Rent/Price (%) 0.75%0.89%FAVORABLE
 Average Cash Flow (at year 5)$125$745FAVORABLE
 Average ROI (at year 5)15%31.0%FAVORABLE
Cash Flow vs Out-of -Pocket0.2%0.8%FAVORABLE




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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.