Remodeled Classic SFR with Cash Flow to Boot!! [Code: 4836]
- ~ $275/mo. cash flow
- New on the market as of today. Open house scheduled for Saturday 9/18/22
- Fully upgraded in 2015
- Amazing asking price of just over $200,000
- Highly appreciating neighborhood with city amenities to attract renters
| After 15 Years (no mortgage) | |||
| Original purchase price | $210,000 | ||
| Total investment (out of pocket) | $62,175 | ||
| 15 yrs Project house value | $389,004 | ||
| Value (appreciation) Gain | $179,004 | ||
| 15 yrs cash-flow generated | $72,335 | ||
| Total Gain | $251,339 | ||
| ROI (15 yrs) | 404% | ||
| ROI (annually) | 27% | ||
| Free & Clear cash flow (yr.) | $17,971 | ||
| Free & Clear cash flow (m) | $1,498 | ||
- 3 bedroom, 2 bath Single Family Detached Residence
- Newly listed on the market. Open house is scheduled for Saturday 9/18/22. Get your offer in quick!
- Highly appreciating neighborhood
- ~ $275/mo. cash flow
- Many 10/10 rated private and charter schools in the area. Very common to utilize these resources in the city
- No HOA costs
- Walkability score of 67 and Bikeability score of 63. Many errands can be accomplished without a car
- Our agent is awaiting status on mechanical updates of the home from the sellers agent (ie: plumbing, electrical, HVAC, roof, etc.)
- Oversized parking pad to accommodate 3 vehicles
- Seller has disclosed a lead based paint report from 2015. We are assuming the remediation was finished during the remodel, however we are awaiting confirmation of that from sellers agent
- Open-concept living room, dining space, 2nd story laundry, extra large kitchen and full first floor bathroom
- Wood deck off 1st floor along with new cedar privacy fence, stock tank pool and recently upgraded deck. Price of pool removal included in improvement cost estimates
- 3,890 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1914 (Fully remodeled in 2015)
- Size: 1,288 square foot home
- Low Crime, Desirable community, City Life
What's next?
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Metro: St. Louis
Team: Alicia/Jessica – email directly at stl2@simplydoit.net
Code: 4836
| Property Specifications | 1 | Per Door |
| Bedrooms | 3 | |
| Bathrooms | 2 | |
| Square Feet | 1288 | |
| Year Built | 1914 | Remodel 2015 |
| Garage Size | 0 | |
| Schools Rating (on scale of A-C) | C |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $210,000 |
| Suggested offer (low) | $205,000 |
| Suggested offer (high) | $210,000 |
| Asking | $205,000 |
| Market Value (after improvements) | $216,000 |
| Improvements (lower) | $3,500 |
| Improvements (upper) | $6,750 |
| Closing Costs | $2,100 |
| Mortgage Costs | $2,100 |
| Other Fees At Closing | $350 |
| Total Cost | $219,675 |
| Financial Assumptions | Monthly | Yearly | |
| Rent (upper) | $1,850 | $2,000 | $24,000 |
| Rent (lower) | $1,700 | $20,400 | |
| Property Tax Rate (Approx.) | 2.5% | ||
| Property Taxes | $185 | $2,215 | |
| Insurance | $100 | $1,200 | |
| Repairs | $65 | $780 | |
| Variable-Cost PM | 7.5% | ||
| Property Management Fee | $139 | $1,665 | |
| Leasing Fee | 75% | $57.8 | $694 |
| Utilities | $100 | $1,200 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | $715 | $8,580 | |
| Total Expenses (Fixed + Mortgage) | $1,622 | $19,460 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 5.3% | 6.5% | 7.8% | 9.1% | |
| Net Cash Flow | $16,479 | $40,334 | $72,335 | $113,328 | |
| Equity Increase | $58,432 | $130,772 | $220,437 | $331,715 | |
| Total Gain | $74,911 | $171,107 | $292,772 | $445,044 | |
| Average Cash Flow/Year | $3,296 | $4,033 | $4,822 | $5,666 | |
| Average Cash Flow/Month | $275 | $336 | $402 | $472 | |
| Average Gain/Year | $14,982 | $17,111 | $19,518 | $22,252 | |
| Average ROI | 120.5% | 275.2% | 470.9% | 715.8% | |
| Annual ROI | 24.1% | 27.5% | 31.4% | 35.8% | |
| Projected Property Value | $262,797 | $319,733 | $389,004 | $473,283 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
||
| Schools | B | C | INSUFFICIENT | ||
| Square Feet | 1000 | 1,288 | FAVORABLE | ||
| Bedrooms | 3 | 3 | FAVORABLE | ||
| Bathrooms | 2 | 2 | FAVORABLE | ||
| Year Built | 1970 | 1914 | INSUFFICIENT | ||
| Rent/Price (%) | 0.75% | 0.95% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $275 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 24.1% | 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.