Gorgeous Brick Duplex in St. Louis [Code: 5313]
| After 15 Years (no mortgage) | |
| Original purchase price | $460,000 |
| Total investment (out of pocket) | $141,700 |
| 15 yrs Project house value | $936,491 |
| Value (appreciation) Gain | $476,491 |
| 15 yrs cash-flow generated | $133,772 |
| Total Gain | $610,262 |
| ROI (15 yrs) | 431% |
| ROI (annually) | 29% |
| Free & Clear cash flow (yr.) | $36,371 |
| Free & Clear cash flow (m) | $3,031 |
- 4 Bedroom, 4 bathroom Multi-plex (four-1 bedroom/1 bathroom units)
- Bones of the home are updated (Electrical, dry wall, 1/2 roof updated with 30 year life expectancy, updated HVAC & AC units, replaced sewer lateral. Only thing old on this property is the bricks, floors and the charm!
- Tenant occupied
- ~ $485/mo. cash flow
- Walkability/Bikeability score of 79 (most errands can be accomplished on foot)
- 27 Days on the Market – Good Negotiation Opportunity!
- Price has been lowered recently by $25k
- Prime family location with restaurants/shopping/activities nearby
- Your primary renter will most likely be a young professional
- 4,792 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1909 (updated recently)
- Size: 3,996 (four 1-bedroom units)
- Quiet residential street, Desirable community
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: 5313
| Property Specifications | 4 | Per Door |
| Bedrooms | 4 | 1 |
| Bathrooms | 4 | 1.0 |
| Square Feet | 3996 | 999 |
| Year Built | 1907 | Updated |
| Garage Size | 0 | |
| Schools Rating (on scale of A-F) | C |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $460,000 | $115,000 |
| Suggested offer (low) | $460,000 | $115,000 |
| Suggested offer (high) | $470,000 | $117,500 |
| Asking | $475,000 | $118,750 |
| Market Value (after improvements) | $520,000 | |
| Improvements (lower) | $15,000 | $3,750 |
| Improvements (upper) | $20,000 | $5,000 |
| Closing Costs | $4,600 | |
| Mortgage Costs | $4,600 | $1,150 |
| Other Fees At Closing | $0 | $0 |
| Total Cost | $486,700 | $1,150 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $3,825 | $3,900 | $46,800 | |
| Rent (lower) | $3,750 | $45,000 | ||
| Property Tax Rate (Approx.) | 1.2% | |||
| Property Taxes (only $1500/yr. in 2021) | $300 | $3,600 | ||
| Insurance | $180 | $2,160 | ||
| Repairs | $200 | $2,400 | ||
| Variable-Cost PM | 7.5% | |||
| Property Management Fee | $287 | $3,443 | ||
| Leasing Fee | 75% | $119.5 | $1,434 | |
| utilities (owner pays water, trash, sewer) | $300 | $3,600 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $1,528 | $18,335 | ||
| Total Expenses (Fixed + Mortgage) | $3,433 | $41,196 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 4.1% | 5.2% | 6.3% | 7.5% | |
| Net Cash Flow | $29,142 | $73,215 | $133,772 | $212,528 | |
| Equity Increase | $139,744 | $312,005 | $524,501 | $786,820 | |
| Total Gain | $168,886 | $385,220 | $658,272 | $999,348 | |
| Average Cash Flow/Year | $5,828 | $7,321 | $8,918 | $10,626 | |
| Average Cash Flow/Month | $486 | $610 | $743 | $886 | |
| Average Gain/Year | $33,777 | $38,522 | $43,885 | $49,967 | |
| Average ROI | 119.2% | 271.9% | 464.6% | 705.3% | |
| Annual ROI | 23.8% | 27.2% | 31.0% | 35.3% | |
| Projected Property Value | $632,660 | $769,727 | $936,491 | $1,139,384 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | C | INSUFFICIENT | ||
| Square Feet | 1000 | 3,996 | FAVORABLE | ||
| Bedrooms | 3 | 4 | FAVORABLE | ||
| Bathrooms | 2 | 4 | FAVORABLE | ||
| Year Built | 1970 | 1907 | INSUFFICIENT | ||
| Rent/Price (%) | 0.75% | 0.85% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $486 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 23.8% | 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.