Highly Cash Flowing 4-Plex in KC Metro!! [Code:303]

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Why THIS deal??
  • ~$900/mo. cash flow once you can refi to 5.0% 
  • Cash flows at ~$600 at today's rates of 6.375%
  • Newly on the market
  • Fully occupied unit with rents up to $995 with long term tenants
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After 15 Years (no mortgage)
Original purchase price$450,000
Total investment (out of pocket)$129,500
15 yrs Project house value$810,425
Value (appreciation) Gain$360,425
15 yrs cash-flow generated$162,211
Total Gain$522,636
ROI (15 yrs)404%
ROI (annually)27%
  
Free & Clear cash flow (yr.)$41,294
Free & Clear cash flow (m)$3,441
  • Fourplex with 2 bedroom, 1 bath units
  • Fully occupied (no vacancies) with long term tenants
  • No improvement costs until tenants vacate units
  • Over half of the units have been updated
  • Washer/Dryer hookups inside the unit
  • Units are metered separately, so tenants are responsible for utilities
  • No HOA charges
  • A-rated schools
  • 0.29 acre lot


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

  • Built: 1981
  • Size: 3240 square foot
  • 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: Kansas City

Team: Meredith – email directly at kc1@simplydoit.net

Code: 303-309

Property Specifications4Per Door
 Bedrooms82
 Bathrooms41.0
 Square Feet3240810
 Year Built1981 
 Garage Size0 
 Schools Rating (on scale of A-C)A 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$450,000$112,500
Suggested offer (low)$445,000$111,250
Suggested offer (high)$450,000$112,500
Asking$450,000$112,500
Market Value (after improvements)$450,000 
Improvements (lower)$4,000$1,000
Improvements (upper)$12,000$3,000
Closing Costs$4,500$1,125 
Mortgage Costs$4,500$1,125
Other Fees At Closing$0$0
Total Cost $467,000$1,125

Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$112,500
 Financed Amount$337,500
 Interest  (5/6 ARM)6.375%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$2,106
 Cash Outlay (Total Out of Pocket)$129,500

Financial AssumptionsMonthlyYearly
Rent (upper)$4,190$4,400$52,800
Rent (lower)$3,980$47,760
Property Tax Rate (Approx.)1.3% 
Property Taxes $475$5,700
Insurance $240$2,880
Repairs $300$3,600
Variable-Cost PM 7.0% 
Property Management Fee$293$3,520
Leasing Fee68%$117.8$1,414
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$1,582$18,984
 Total Expenses (Fixed + Mortgage)$3,688$44,251

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate5.6%7.0%8.4%9.8%
 Net Cash Flow$36,531$90,014$162,211$255,072
 Equity Increase$119,515$268,393$454,296$687,029
 Total Gain$156,046$358,407$616,507$942,101
      
 Average Cash Flow/Year$7,306$9,001$10,814$12,754
 Average Cash Flow/Month$609$750$901$1,063
 Average Gain/Year$31,209$35,841$41,100$47,105
 Average ROI120.5%276.8%476.1%727.5%
 Annual ROI24.1%27.7%31.7%36.4%
 Projected Property Value$547,494$666,110$810,425$986,005

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BAFAVORABLE
 Square Feet  10003,240FAVORABLE
 Bedrooms  38FAVORABLE
 Bathrooms  24FAVORABLE
 Year Built  19701981FAVORABLE
 Rent/Price (%)  0.75%0.98%FAVORABLE
 Average Cash Flow (at year 5)  $125$609FAVORABLE
 Average ROI (at year 5)  15%24.1%FAVORABLE
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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.