St Louis property
Electrical, plumbing, roof, and HVAC – all good
Hardwood floors in the living room, hall, and three bedrooms
New interlocking floor in kitchen and basement
Separate work room in the basement
Attached 1 car extended garage
All new windows plus installation – ordered and purchased
– quiet inside home, but some outside road noise
– in demand area will attract a tenant
– noise mitigation via circle driveway and three evergreens
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Square Feet | 1189 |
| Year Built | 1964 |
| Garage Size | 2 |
| Schools Rating (on scale of A to B-) | B |
| Purchase Assumptions | My Offer |
| Asking | $205,000 |
| Suggested offer (low) | $190,000 |
| Suggested offer (high) | $200,000 |
| Suggested offer (options) | $200,000 |
| Market Value (after improvements) | $250,000 |
| Improvements (lower) | $2,500 |
| Improvements (upper) | $5,500 |
| Closing Costs | $2,500 |
| Mortgage Costs | $2,500 |
| Total Cost | $209,000 |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $50,000 | ||
| Financed Amount | $150,000 | ||
| Interest Rate | 3.40% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $665 | ||
| Cash Outlay (Total Out of Pocket) | $59,000 | ||
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $1,450 | $1,500 | $18,000 | |
| Rent (lower) | $1,400 | $16,800 | ||
| Property Tax Rate (Approx.) | 1.00% | |||
| Property Taxes | $167 | $2,000 | ||
| Insurance | $100 | $1,200 | ||
| Repairs | $85 | $1,020 | ||
| Variable-Cost PM | 7.5% | |||
| Property Management Fee | $109 | $1,305 | ||
| Leasing Fee | 75% | $45.3 | $544 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 5.0% | |||
| Total Fixed Expenses | $573 | $6,874 | ||
| Total Expenses (Fixed + Mortgage) | $1,238 | $14,856 | ||
| Financial Analysis / Deal Attractiveness | ||
| Years: | 5 | 10 |
| Cap Rate | 5.0% | 6.0% |
| Net Cash Flow | $14,867 | $35,436 |
| Equity Increase | $69,850 | $154,337 |
| Total Gain | $84,717 | $189,772 |
| Average Cash Flow/Year | $2,973 | $3,544 |
| Average Cash Flow/Month | $248 | $295 |
| Average Gain/Year | $16,943 | $18,977 |
| Average ROI | 143.6% | 321.6% |
| Annual ROI | 28.7% | 32.2% |
| Projected Property Value | $304,163 | $370,061 |
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.