Rare opportunity for 2 homes on the same street in St. Louis Metro [Code 715 & 727]
- NEWLY LISTED – ACT FAST
- Updated home in a highly desired subdivision.
- Sits on a quiet cul-de sac street
- No (low) crime area
- Updated luxury vinyl plank floors throughout
- Vaulted Great Room with beamed ceiling and stone woodburning fireplace
- Large Master Suite features a remodeled private bath, large walk-in closet
- 10,000+ sq. foot lot
- Walking distance to community lake
- Fully fenced backyard
St Louis
- # of fortune 500 companies: 8
- # of fortune 1000 companies: 6
- Known companies HQ: Anheuser-Busch, Energizer Holdings, Enterprise Holdings, Nestlé Purina PetCare, Panera Bread
Why should you consider this house / what makes it a good investment?
- Built: 1973
- Size: 1400+ sq ft with a 10k+ sq foot lot
- Very low repair or improvement costs
- Quiet street, desirable community, good schools
- Low crime
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Property Specifications |
1 |
|
Bedrooms |
4 |
|
Bathrooms |
2.5 |
|
Square Feet |
1428 |
|
Year Built |
1973 |
|
Garage Size |
2 |
|
Schools Rating (on scale of A-F) |
B |
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Purchase Assumptions |
My Offer |
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Offer used for analysis |
$300,000 |
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Suggested offer (low) |
$290,000 |
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Suggested offer (high) |
$310,000 |
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Asking |
$300,000 |
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Market Value (after improvements) |
$225,000 |
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Improvements (lower) |
$1,000 |
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Improvements (upper) |
$1,500 |
|
Closing Costs |
$2,500 |
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Mortgage Costs |
$2,500 |
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Other Fees At Closing |
$0 |
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Total Cost |
$306,250 |
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Financial Analysis / Deal Attractiveness |
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Years: |
5 |
10 |
15 |
20 |
|
|
Cap Rate |
5.6% |
6.7% |
7.8% |
9.0% |
|
|
Net Cash Flow |
$22,813 |
$54,232 |
$95,152 |
$146,563 |
|
|
Equity Increase |
$72,277 |
$159,468 |
$264,668 |
$391,615 |
|
|
Total Gain |
$95,090 |
$213,701 |
$359,821 |
$538,178 |
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Average Cash Flow/Year |
$4,563 |
$5,423 |
$6,343 |
$7,328 |
|
|
Average Cash Flow/Month |
$380 |
$452 |
$529 |
$611 |
|
|
Average Gain/Year |
$19,018 |
$21,370 |
$23,988 |
$26,909 |
|
|
Average ROI |
117.0% |
263.0% |
442.9% |
662.4% |
|
|
Annual ROI |
23.4% |
26.3% |
29.5% |
33.1% |
|
|
Projected Property Value |
$273,747 |
$333,055 |
$405,212 |
$493,003 |
|
Metro: St. Louis
Team: Theresa/Alicia
Code: 727
2nd listing
nd
- NEWLY LISTED – ACT FAST
- Beautiful home on the same street in a highly desired subdivision.
- Sits on a quiet cul-de sac street
- No (low) crime area
- New carpet throughout
- Vaulted Great Room with beamed ceiling and stone woodburning fireplace
- The finished lower level has a family room, 4th bedroom, a spacious 1/2 bath, laundry space & storage
- 0.25 acre lot
- Walking distance to community lake
|
Property Specifications |
1 |
|
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Bedrooms |
4 |
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Bathrooms |
2.5 |
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Square Feet |
1428 |
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Year Built |
1973 |
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Garage Size |
2 |
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Schools Rating (on scale of A-F) |
B |
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Financial Analysis / Deal Attractiveness |
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Years: |
5 |
10 |
15 |
20 |
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Cap Rate |
6.6% |
7.5% |
8.6% |
9.7% |
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|
Net Cash Flow |
$29,364 |
$67,288 |
$114,664 |
$172,475 |
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|
Equity Increase |
$69,532 |
$153,471 |
$254,816 |
$377,194 |
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Total Gain |
$98,896 |
$220,759 |
$369,480 |
$549,670 |
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Average Cash Flow/Year |
$5,873 |
$6,729 |
$7,644 |
$8,624 |
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Average Cash Flow/Month |
$489 |
$561 |
$637 |
$719 |
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Average Gain/Year |
$19,779 |
$22,076 |
$24,632 |
$27,483 |
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Average ROI |
110.8% |
247.3% |
414.0% |
615.9% |
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Annual ROI |
22.2% |
24.7% |
27.6% |
30.8% |
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Projected Property Value |
$273,747 |
$333,055 |
$405,212 |
$493,003 |
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Metro: St. Louis
Team: Theresa/Alicia
Code: 715
What’s next?
Email/text for address, analysis and to get connected to Simply Do It’s local team that handles this transaction.
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 711