St Louis One of a kind large house with special backyard and excellent cash flow [code 3451]
Hi,
Highly rated school district
Retail condition: price assumes that the buyer should not be taking on deferred maintenance
Rent rate taken from a direct leasing comp
The 2 car attached garage may bring a higher premium – and lack of inventory for rent
There is a pond + backyard sunroom (office?) – must see
Retail condition: price assumes that the buyer should not be taking on deferred maintenance
Rent rate taken from a direct leasing comp
The 2 car attached garage may bring a higher premium – and lack of inventory for rent
There is a pond + backyard sunroom (office?) – must see
POTENTIAL UPSIDE: basement seems to be 70% completed + seems to have access to the backyard. With an additional investment (in the future) you may be able to finish the basement and add more beads, bath and increase both rent and value.
Metro: St Louis
Team: Alicia & Theresa
House cose: 3451
| Suggested offer |
$340,000 |
What's next?
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
| Financial Analysis / Deal Attractiveness | ||
| Years: | 5 | 10 |
| Cap Rate | 5.6% | 6.6% |
| Net Cash Flow | $27,334 | $64,576 |
| Equity Increase | $80,831 | $178,330 |
| Total Gain | $108,165 | $242,907 |
| Average Cash Flow/Year | $5,467 | $6,458 |
| Average Cash Flow/Month | $456 | $538 |
| Average Gain/Year | $21,633 | $24,291 |
| Average ROI | 110.9% | 249.1% |
| Annual ROI | 22.2% | 24.9% |
| Projected Property Value | $304,163 | $370,061 |
| Property Specifications | 1 |
| Bedrooms | 4 |
| Bathrooms | 2.5 |
| Square Feet | 1888 |
| Year Built | 1792 |
| Garage Size | 2 |
| Schools Rating (on scale of 0-10) | B |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $85,000 | ||
| Financed Amount | $255,000 | ||
| Interest Rate | 3.40% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $1,131 | ||
| Cash Outlay (Total Out of Pocket) | $97,500 | ||
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,300 | $2,350 | $28,200 | |
| Rent (lower) | $2,250 | $27,000 | ||
| Property Tax Rate (Approx.) | 1.00% | |||
| Property Taxes | $240 | $2,880 | ||
| Insurance | $100 | $1,200 | ||
| Repairs | $85 | $1,020 | ||
| Variable-Cost PM | 7.5% | |||
| Property Management Fee | $173 | $2,070 | ||
| Leasing Fee | 75% | $71.9 | $863 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 5.0% | |||
| Total Fixed Expenses | $776 | $9,309 | ||
| Total Expenses (Fixed + Mortgage) | $1,907 | $22,880 | ||
