Great find on a Ranch style home!

LogoDescription automatically generated with medium confidence

 

Great find on a Ranch style home!

 

 

 

Property Features:

  • Ranch floorplan with potential expansion in the basement!
  • This house has all new carpeting, a brand-new roof and true main level living.
  • This house has a flat driveway to its 2-car garage. 
  • The kitchen/dining area spills openly into the spacious living room with high ceilings.
  • Only minutes from the highway, shopping, restaurants and much more. 
  • Fully fenced backyard overlooking a gorgeous lake and mature trees. 

 

Kansas City

  • # of Fortune 500 companies: 2
  • # of Fortune 1000 companies:9

Major companies headquartered in Kansas City: Hallmark, Saint Luke’s Healthcare system, Lockton companies, Kansas City Southern and Carondelet  Health Network

 

Why should you consider this house / what makes it a good investment?

  • Age: 17
  • Size: 1300+ sq ft
  • Low repair or improvement costs 
  • Quiet street, desirable community, good schools
  • Low crime

 

 

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

Code: 7226

 

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Property Specifications

1

Bedrooms

3

Bathrooms

2

Square Feet

1351

Year Built

2004

Garage Size

2

Schools Rating (on scale of A-F)

B

 

Purchase Assumptions

My Offer

Offer used for analysis

$245,000

Suggested offer (low)

$240,000

Suggested offer (high)

$249,000

Asking

$249,000

Market Value (after improvements)

$225,000

Improvements (lower)

$1,500

Improvements (upper)

$2,500

Closing Costs

$2,500

Mortgage Costs

$2,500

Other Fees At Closing

$0

Total Cost

$252,000

 

Financial Analysis / Deal Attractiveness

 

 

 

 

Years:

5

10

15

20

Cap Rate

8.0%

9.1%

10.4%

11.7%

Net Cash Flow

$27,148

$62,210

$106,010

$159,459

Equity Increase

$67,963

$150,043

$249,186

$368,954

Total Gain

$95,111

$212,253

$355,196

$528,413

 

 

 

 

 

 

Average Cash Flow/Year

$5,430

$6,221

$7,067

$7,973

Average Cash Flow/Month

$452

$518

$589

$664

Average Gain/Year

$19,022

$21,225

$23,680

$26,421

Average ROI

139.4%

311.0%

520.4%

774.2%

Annual ROI

27.9%

31.1%

34.7%

38.7%

Projected Property Value

$273,747

$333,055

$405,212

$493,003

 

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. code 7226