Calling all Experienced Investors! [Code: 904]
Why THIS deal??- ~$530/mo. cash flow once you can refi to 5.0%
- Cash flows at ~$400 at today's rates of 6.5%
- We already have an inspection and know the scope of work needing to be done
Check out this video link for a walkthrough of this property! https://youtu.be/2k94yoAc5EwAfter 15 Years (no mortgage) Original purchase price $190,000 Total investment (out of pocket) $95,950 15 yrs Project house value $414,217 Value (appreciation) Gain $224,217 15 yrs cash-flow generated $96,668 Total Gain $320,885 ROI (15 yrs) 334% ROI (annually) 22% Free & Clear cash flow (yr.) $18,921 Free & Clear cash flow (m) $1,577
- 3 bedroom, 3 bath Single Family Home
- This opportunity is best suited for an experienced investor
- Home has been on the market for 85 days, so seller should be open to negotiations
- Great location with quick access to major commuting routes, shopping and schools and a strong rental market
- Inspection and appraisal has already been done
- B rated schools
- No HOA charges
Why should you consider this house / what makes it a good investment?
- Built: 1963
- Size: 1,412 square foot home
- Low Crime, Desirable Community, Good 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: St. Louis
Team: Nathan – email directly at stl1@simplydoit.net
Code: 904
Property Specifications 1 Bedrooms 3 Bathrooms 3 Square Feet 1412 Year Built 1963 Garage Size 0 Schools Rating (on scale of A-C) B
Purchase Assumptions My Offer Offer used for analysis $190,000 Suggested offer (low) $190,000 Suggested offer (high) $205,000 Asking $215,000 Market Value (after improvements) $230,000 Improvements (lower) $30,000 Improvements (upper) $35,000 Closing Costs $2,150 Mortgage Costs $2,150 Other Fees At Closing $2,150 Total Cost $228,950
Financing Assumptions Down Payment (%) 30% Down Payment Amount $57,000 Financed Amount $133,000 Interest Rate 6.500% Mortgage Term (Years) 30 Monthly Mortgage Payment $841 Cash Outlay (Total Out of Pocket) $95,950
Financial Assumptions Monthly Yearly Rent (upper) $1,850 $1,900 $22,800 Rent (lower) $1,800 $21,600 Property Tax Rate (Approx.) 1.2% Property Taxes $180 $2,160 Insurance $110 $1,320 Repairs $100 $1,200 Variable-Cost PM 7.5% Property Management Fee $139 $1,665 Leasing Fee 75% $57.8 $694 HOA $0 $0 Vacancy Rate 4.0% Total Fixed Expenses $655 $7,860 Total Expenses (Fixed + Mortgage) $1,496 $17,948
Financial Analysis / Deal Attractiveness Years: 5 10 15 20 Cap Rate 5.0% 5.9% 6.7% 7.6% Net Cash Flow $24,186 $56,139 $96,668 $146,665 Equity Increase $58,328 $130,704 $220,713 $332,923 Total Gain $82,514 $186,843 $317,381 $479,588 Average Cash Flow/Year $4,837 $5,614 $6,445 $7,333 Average Cash Flow/Month $403 $468 $537 $611 Average Gain/Year $16,503 $18,684 $21,159 $23,979 Average ROI 86.0% 194.7% 330.8% 499.8% Annual ROI 17.2% 19.5% 22.1% 25.0% Projected Property Value $279,830 $340,456 $414,217 $503,958
Property Ratings Suggestions Item Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT Schools B B FAVORABLE Square Feet 1000 1,412 FAVORABLE Bedrooms 3 3 FAVORABLE Bathrooms 2 3 FAVORABLE Year Built 1970 1963 INSUFFICIENT Rent/Price (%) 0.75% 1.00% FAVORABLE Average Cash Flow (at year 5) $125 $403 FAVORABLE Average ROI (at year 5) 15% 17.2% FAVORABLE
Why THIS deal??
- ~$530/mo. cash flow once you can refi to 5.0%
- Cash flows at ~$400 at today's rates of 6.5%
- We already have an inspection and know the scope of work needing to be done
Check out this video link for a walkthrough of this property! https://youtu.be/2k94yoAc5Ew
| After 15 Years (no mortgage) | |||
| Original purchase price | $190,000 | ||
| Total investment (out of pocket) | $95,950 | ||
| 15 yrs Project house value | $414,217 | ||
| Value (appreciation) Gain | $224,217 | ||
| 15 yrs cash-flow generated | $96,668 | ||
| Total Gain | $320,885 | ||
| ROI (15 yrs) | 334% | ||
| ROI (annually) | 22% | ||
| Free & Clear cash flow (yr.) | $18,921 | ||
| Free & Clear cash flow (m) | $1,577 | ||
- 3 bedroom, 3 bath Single Family Home
- This opportunity is best suited for an experienced investor
- Home has been on the market for 85 days, so seller should be open to negotiations
- Great location with quick access to major commuting routes, shopping and schools and a strong rental market
- Inspection and appraisal has already been done
- B rated schools
- No HOA charges
Why should you consider this house / what makes it a good investment?
- Built: 1963
- Size: 1,412 square foot home
- Low Crime, Desirable Community, Good 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: St. Louis
Team: Nathan – email directly at stl1@simplydoit.net
Code: 904
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Square Feet | 1412 |
| Year Built | 1963 |
| Garage Size | 0 |
| Schools Rating (on scale of A-C) | B |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $190,000 |
| Suggested offer (low) | $190,000 |
| Suggested offer (high) | $205,000 |
| Asking | $215,000 |
| Market Value (after improvements) | $230,000 |
| Improvements (lower) | $30,000 |
| Improvements (upper) | $35,000 |
| Closing Costs | $2,150 |
| Mortgage Costs | $2,150 |
| Other Fees At Closing | $2,150 |
| Total Cost | $228,950 |
| Financing Assumptions | |||
| Down Payment (%) | 30% | ||
| Down Payment Amount | $57,000 | ||
| Financed Amount | $133,000 | ||
| Interest Rate | 6.500% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $841 | ||
| Cash Outlay (Total Out of Pocket) | $95,950 | ||
| Financial Assumptions | Monthly | Yearly | |
| Rent (upper) | $1,850 | $1,900 | $22,800 |
| Rent (lower) | $1,800 | $21,600 | |
| Property Tax Rate (Approx.) | 1.2% | ||
| Property Taxes | $180 | $2,160 | |
| Insurance | $110 | $1,320 | |
| Repairs | $100 | $1,200 | |
| Variable-Cost PM | 7.5% | ||
| Property Management Fee | $139 | $1,665 | |
| Leasing Fee | 75% | $57.8 | $694 |
| HOA | $0 | $0 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | $655 | $7,860 | |
| Total Expenses (Fixed + Mortgage) | $1,496 | $17,948 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 5.0% | 5.9% | 6.7% | 7.6% | |
| Net Cash Flow | $24,186 | $56,139 | $96,668 | $146,665 | |
| Equity Increase | $58,328 | $130,704 | $220,713 | $332,923 | |
| Total Gain | $82,514 | $186,843 | $317,381 | $479,588 | |
| Average Cash Flow/Year | $4,837 | $5,614 | $6,445 | $7,333 | |
| Average Cash Flow/Month | $403 | $468 | $537 | $611 | |
| Average Gain/Year | $16,503 | $18,684 | $21,159 | $23,979 | |
| Average ROI | 86.0% | 194.7% | 330.8% | 499.8% | |
| Annual ROI | 17.2% | 19.5% | 22.1% | 25.0% | |
| Projected Property Value | $279,830 | $340,456 | $414,217 | $503,958 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 1,412 | FAVORABLE | ||
| Bedrooms | 3 | 3 | FAVORABLE | ||
| Bathrooms | 2 | 3 | FAVORABLE | ||
| Year Built | 1970 | 1963 | INSUFFICIENT | ||
| Rent/Price (%) | 0.75% | 1.00% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $403 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 17.2% | FAVORABLE | ||