St Louis 24k price drop w excellent cashflow
Big Price Drop (yesterday) – 4 bedroom / 2.5 bath home
According to remarks, there was a building inspection report and recommended repairs were completed
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| Financial Analysis / Deal Attractiveness | ||
| Years: | 5 | 10 |
| Cap Rate | 7.1% | 8.1% |
| Net Cash Flow | $28,127 | $64,685 |
| Equity Increase | $78,198 | $172,680 |
| Total Gain | $106,325 | $237,366 |
| Average Cash Flow/Year | $5,625 | $6,469 |
| Average Cash Flow/Month | $469 | $539 |
| Average Gain/Year | $21,265 | $23,737 |
| Average ROI | 133.3% | 297.6% |
| Annual ROI | 26.7% | 29.8% |
| Projected Property Value | $322,413 | $392,265 |
| Property Specifications | |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Square Feet | 1888 |
| Year Built | 1978 |
| Garage Size | 2 |
| Schools Rating (on scale of 0-10) | B- |
| Suggested offer (options) | $265,000 |
| Market Value (after improvements) | $265,000 |
| Improvements (lower) | $6,500 |
| Improvements (upper) | $8,500 |
| Closing Costs | $3,000 |
| Mortgage Costs | $3,000 |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $66,250 | ||
| Financed Amount | $198,750 | ||
| Interest Rate | 3.40% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $881 | ||
| Cash Outlay (Total Out of Pocket) | $79,750 | ||
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,100 | $2,175 | $26,100 | |
| Rent (lower) | $2,025 | $24,300 | ||
| Property Tax Rate (Approx.) | 1.42% | |||
| Property Taxes | $314 | $3,763 | ||
| Insurance | $95 | $1,140 | ||
| Repairs | $85 | $1,020 | ||
| Variable-Cost PM | 7.5% | |||
| Property Management Fee | $158 | $1,890 | ||
| Leasing Fee | 75% | $65.6 | $788 | |
| HOA | $8 | $100 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $803 | $9,633 | ||
| Total Expenses (Fixed + Mortgage) | $1,684 | $20,210 | ||
code 5734