KC duplex with amazing cashflow and bulk discount opportunity! [code: KC duplex]
- Brand New Construction.
- 6 bedroom/4 bath Duplex (3 bedrooms and 2 baths on each side).
- Builder is offering SDI clients a discount: 3-9 buildings = 6-18 doors will give a $5k discount per building. 10+ buildings = 20+ doors will give a $10k discount per door so the price will drop to $240k from $250k.
- Reverse Ranch style layout with attached garages.
- These figures are for a full duplex purchase. 1/2 duplexes are also available for purchase.
- Currently in Foundation stage. 120 days estimated to completion.
- HOA fees are not fully disclosed yet. We estimated $50, but this could adjust when fees are finalized.
- You will have the opportunity to choose your property location from the available plots.
- Walk into a living/dining room combo, kitchen, and master bedroom on the main level.
- Walk down to two bedrooms and a family room.
- No (low) crime area.
- Over $880/mo. cash flow.
- Hard flooring/carpet throughout.
- Attached 2-car garage.
Why should you consider this house / what makes it a good investment?
- Built: 2022
- Size: 2,726 sq ft
- Quiet residential street, desirable community and 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/EJ – email directly at kc1@simplydoit.net
Code: KC Duplex
| Property Specifications | 2 | Per Door |
| Bedrooms | 6 | 3 |
| Bathrooms | 4 | 2.0 |
| Square Feet | 2726 | 1363 |
| Year Built | 2022 | |
| Garage Size | 2 | |
| Schools Rating (on scale of A-F) | B |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $500,000 | $250,000 |
| Suggested offer (low) | $500,000 | $250,000 |
| Suggested offer (high) | $500,000 | $250,000 |
| Asking | $500,000 | $250,000 |
| Market Value (after improvements) | $255,000 | |
| Improvements (lower) | $3,000 | $1,500 |
| Improvements (upper) | $4,000 | $2,000 |
| Closing Costs | $5,000 | |
| Mortgage Costs | $5,000 | $2,500 |
| Other Fees At Closing | $0 | $0 |
| Total Cost | $513,500 | $2,500 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $3,790 | $3,990 | $47,880 | |
| Rent (lower) | $3,590 | $43,080 | ||
| Property Tax Rate (Approx.) | 1.4% | |||
| Property Taxes | $350 | $4,200 | ||
| Insurance | $250 | $3,000 | ||
| Repairs | $100 | $1,200 | ||
| Variable-Cost PM | 7.2% | |||
| Property Management Fee | $271 | $3,252 | ||
| Leasing Fee | 68% | $106.6 | $1,279 | |
| HOA | $50 | $600 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $1,268 | $15,220 | ||
| Total Expenses (Fixed + Mortgage) | $3,005 | $36,060 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 7.7% | 8.9% | 10.1% | 11.5% | |
| Net Cash Flow | $53,273 | $122,936 | $210,695 | $318,433 | |
| Equity Increase | $92,456 | $204,543 | $340,429 | $505,173 | |
| Total Gain | $145,729 | $327,478 | $551,124 | $823,606 | |
| Average Cash Flow/Year | $10,655 | $12,294 | $14,046 | $15,922 | |
| Average Cash Flow/Month | $888 | $1,024 | $1,171 | $1,327 | |
| Average Gain/Year | $29,146 | $32,748 | $36,742 | $41,180 | |
| Average ROI | 105.2% | 236.4% | 397.9% | 594.7% | |
| Annual ROI | 21.0% | 23.6% | 26.5% | 29.7% | |
| Projected Property Value | $310,246 | $377,462 | $459,241 | $558,736 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
||
| Schools | B | B | FAVORABLE | ||
| Square Feet | 1000 | 2,726 | FAVORABLE | ||
| Bedrooms | 3 | 6 | FAVORABLE | ||
| Bathrooms | 2 | 4 | FAVORABLE | ||
| Year Built | 1970 | 2022 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.80% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $888 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 21.0% | 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.