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/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
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 | ||