Brand New Duplex with AMAZING cash flow! [Code 1224-1226]
- ~ $480/mo. cash flow
- Duplex. Buy two houses for the price of one!
- Never lived in brand new build
- Almost 70 days on the market. Great Negotiation tool
- Highly appreciating neighborhood
- Little to no improvements needed to make this lease-ready
- Price recently reduced by $10K
| After 15 Years (no mortgage) | |||
| Original purchase price | $510,000 | ||
| Total investment (out of pocket) | $140,800 | ||
| 15 yrs Project house value | $900,472 | ||
| Value (appreciation) Gain | $390,472 | ||
| 15 yrs cash-flow generated | $138,788 | ||
| Total Gain | $529,260 | ||
| ROI (15 yrs) | $4 | ||
| ROI (annually) | $0 | ||
| Free & Clear cash flow (yr.) | $40,830 | ||
| Free & Clear cash flow (m) | $3,402 | ||
- Duplex with each unit having 3 bedrooms and 2.5 baths
- Priced right at $255K for each unit
- ~ $480/mo. cash flow
- LVP flooring and carpet throughout
- Easy Highway access. Great for commuters!
- Great school district
- Attached 1-car garage for each unit
- All of the units have scenic wooded backyard views that create for a quiet family environment
- Modern open concept floor plan
- Fully finished basement
- 2,300 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 2020
- Size: 3,600 square foot duplex (each unit is 1800 square feet)
- Low Crime, 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
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $510,000 | $255,000 |
| Suggested offer (low) | $510,000 | $255,000 |
| Suggested offer (high) | $550,000 | $275,000 |
| Asking | $520,000 | $260,000 |
| Market Value (after improvements) | $500,000 | |
| Improvements (lower) | $2,000 | $1,000 |
| Improvements (upper) | $4,000 | $2,000 |
| Closing Costs | $5,200 | |
| Mortgage Costs | $5,100 | $2,550 |
| Other Fees At Closing | $0 | $0 |
| Total Cost | $523,300 | $2,550 |
| 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 | $340 | $4,080 | |
| Insurance | $220 | $2,640 | |
| Repairs | $100 | $1,200 | |
| Variable-Cost PM | 7.2% | ||
| Property Management Fee | $278 | $3,333 | |
| Leasing Fee | 68% | $109.3 | $1,311 |
| HOA | $115 | $1,380 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | $1,306 | $15,676 | |
| Total Expenses (Fixed + Mortgage) | $3,508 | $42,099 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 4.1% | 5.3% | 6.6% | 7.9% | |
| Net Cash Flow | $28,921 | $74,602 | $138,788 | $223,406 | |
| Equity Increase | $136,584 | $305,789 | $515,667 | $776,327 | |
| Total Gain | $165,504 | $380,391 | $654,455 | $999,733 | |
| Average Cash Flow/Year | $5,784 | $7,460 | $9,253 | $11,170 | |
| Average Cash Flow/Month | $482 | $622 | $771 | $931 | |
| Average Gain/Year | $33,101 | $38,039 | $43,630 | $49,987 | |
| Average ROI | 117.5% | 270.2% | 464.8% | 710.0% | |
| Annual ROI | 23.5% | 27.0% | 31.0% | 35.5% | |
| Projected Property Value | $608,326 | $740,122 | $900,472 | $1,095,562 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
||
| Schools | B | A | FAVORABLE | ||
| Square Feet | 1000 | 3,600 | FAVORABLE | ||
| Bedrooms | 3 | 6 | FAVORABLE | ||
| Bathrooms | 2 | 5 | FAVORABLE | ||
| Year Built | 1970 | 2020 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.77% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $482 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 23.5% | FAVORABLE | ||
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.