New Build with Additional Negotiation Opportunities [code 13318]

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*Pictures are of actual home
  • 2 bedroom 2 bath brand new build
  • Highly sought after neighborhood
  • Property has been on the market for 180 days which allows potential for further negotiation
  • $5,000 price reduction on 1/29/2022 
  • No (low) crime area
  • Incredible HOA amenities including clubhouse, pool, tot-lots and BBQ outdoor kitchen
  • Over $300/mo. cash flow
  • Hard flooring/carpet throughout
  • Modern open floor plan concept
  • Additional unfinished basement for additional opportunity to expand
  • located on cul de sac street
  • Attached 2-car garage
  • 4,800 square foot lot
      Why we love this property:

    • Built: 2022
    • Size: 1,264  sq ft
    • Quiet residential street, Desirable community, A-rated 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: 13318

    Property Specifications1
     Bedrooms2
     Bathrooms2
     Square Feet1264
     Year Built2022
     Garage Size2
     Schools Rating (on scale of A-F)A

    Purchase AssumptionsMy Offer
    Offer used for analysis$360,000
    Suggested offer (low)$360,000
    Suggested offer (high)$360,000
    Asking$360,000
    Market Value (after improvements)$365,000
    Improvements (lower)$1,500
    Improvements (upper)$2,500
    Closing Costs$3,600
    Mortgage Costs$3,600
    Other Fees At Closing$0
    Total Cost $369,200

    Financing Assumptions 
     Down Payment (%)25%
     Down Payment Amount$90,000
     Financed Amount$270,000
     Interest Rate3.88%
     Mortgage Term (Years)30
     Monthly Mortgage Payment$1,270
     Cash Outlay (Total Out of Pocket)$99,200

    Financial AssumptionsMonthlyYearly
    Rent (upper)$2,295$2,395$28,740
    Rent (lower)$2,195$26,340
     Property Tax Rate (Approx.)1.4% 
     Property Taxes$250$3,000
     Insurance$100$1,200
     Repairs$50$600
    Variable-Cost PM7.2% 
    Property Management Fee$164$1,969
     Leasing Fee68%$64.5$775
     HOA$71$850
     Vacancy Rate4.0% 
     Total Fixed Expenses$785$9,417
     Total Expenses (Fixed + Mortgage)$2,054$24,652

    Financial Analysis / Deal Attractiveness    
    Years:5101520
     Cap Rate3.7%4.6%5.7%6.8%
     Net Cash Flow$18,137$46,090$84,882$135,640
     Equity Increase$105,366$233,476$389,237$578,618
     Total Gain$123,503$279,566$474,119$714,258
          
     Average Cash Flow/Year$3,627$4,609$5,659$6,782
     Average Cash Flow/Month$302$384$472$565
     Average Gain/Year$24,701$27,957$31,608$35,713
     Average ROI124.5%281.8%477.9%720.0%
     Annual ROI24.9%28.2%31.9%36.0%
     Projected Property Value$444,078$540,289$657,344$799,760

    Property Ratings Suggestions
     Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
    INSUFFICIENT
     Schools  BAFAVORABLE
     Square Feet 10001,264FAVORABLE
     Bedrooms 32INSUFFICIENT
     Bathrooms 22FAVORABLE
     Year Built 19702022FAVORABLE
     Rent/Price (%) 0.75%0.67%INSUFFICIENT
     Average Cash Flow (at year 5)$125$302FAVORABLE
     Average ROI (at year 5)15%24.9%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.