Great Cash Flowing St. Louis Metro Home!! [Code: 389]
- ~$572/mo. cash flow once you can refi to 4.5%
- Cash flows at ~$216 at today's rates of 6.75%
- Low price point which requires smaller down payment.
- Great location!
| Mortgage Acceleration | ||
| Applying your ann. cashflow (EPP*) | $2,598 | |
| Applying your mo. cashflow (EPP*) | $216 | |
| Years to payoff mortgage | 20 | |
| Interest paid over 30 years | $282,555 | |
| Int. paid in 20 yrs, using EPP | $178,401 | |
| Your int. savings | $104,154 | |
| If you make an extra payment every year of $2,598 (your annual cash flow) you will pay off your mortgage in 20 years, and save $10,4154 on interest. | ||
- 3 bedroom, 2 bath Single Family Home
- Great location with quick access to major commuting routes, shopping and schools and a strong rental market
- A- rated schools
- Highly sought after neighborhood
- 1-car attached garage
- Newer roof
- Fresh paint
- New carpet and tile flooring
Why should you consider this house / what makes it a good investment?
- Built: 1968
- Size: 1,223 square foot home
- Low Crime, Desirable Community, Great 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: 389
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Square Feet | 1223 |
| Year Built | 1968 |
| Garage Size | 1 |
| Schools Rating (on scale of A-C) | A- |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $285,000 |
| Suggested offer (low) | $285,000 |
| Suggested offer (high) | $300,000 |
| Asking | $290,000 |
| Market Value (after improvements) | $290,000 |
| Improvements (lower) | $4,000 |
| Improvements (upper) | $7,000 |
| Closing Costs | $2,850 |
| Mortgage Costs | $2,850 |
| Other Fees At Closing (pts, . . . ) | $3,145 |
| Total Cost | $299,345 |
| Original listing date | 5/25/23 |
| DOM (days on market – TODAY) | -1 |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $71,250 | ||
| Financed Amount | $213,750 | ||
| Interest Rate | 6.750% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $1,386 | ||
| Cash Outlay (Total Out of Pocket) | $85,595 | ||
| Future refi rate: | 5.250% | $1,180 | $206 |
| Financial Assumptions | Monthly | Yearly | |
| Rent (upper) | $2,225 | $2,250 | $27,000 |
| Rent (lower) | $2,200 | $26,400 | |
| Property Tax Rate (Approx.) | |||
| Property Taxes | $250 | $3,000 | |
| Insurance | $105 | $1,260 | |
| Repairs | $100 | $1,200 | |
| Property Management Monthly (%) | 0.0% | ||
| Property Management Monthly ($) | $100 | $1,200 | |
| Leasing Fee | 80% | $74.2 | $890 |
| HOA or Fixed Costs | $12 | $144 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | 33% | $726 | $8,714 |
| Total Expenses (Fixed + Mortgage) | $2,113 | $25,351 | |
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.