Super upgraded 4/2 brick ranch home in St Louis $315k, CF $4500/mo [Code 915]
- Rear entry attached garage
- Fireplace
- Open floor plan
- Concrete driveway
- Fenced yard and deck
Notes
- $450 scouting fee added to closing cost
- Asking $315k
- Local team analysis is assuming $350k – that doesn't mean the price is 315K – it is more like a “stress” financial test + a room to add and escalation clause.
- Local team estimate rent $2500
- Offers due by Sunday evening
| Property Specifications | 1 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Square Feet | 2042 |
| Year Built | 1987 |
| Garage Size | 2 |
| Schools Rating (on scale of 0-10) | A- |
| Purchase Assumptions | My Offer |
| Asking | $315,000 |
| Suggested offer (options) | $350,000 |
| Market Value (after improvements) | $350,000 |
| Closing Costs | $10,500 |
| Mortgage Costs | $2,000 |
| Other Fees At Closing | $450 |
| Total Cost | $362,950 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,500 | $2,575 | $30,900 | |
| Rent (lower) | $2,425 | $29,100 | ||
| Property Tax Rate (Approx.) | 0.95% | |||
| Property Taxes | $276 | $3,311 | ||
| Insurance | $131 | $1,575 | ||
| Repairs | $125 | $1,500 | ||
| Variable-Cost PM | 9.3% | |||
| Property Management Fee | $233 | $2,790 | ||
| Leasing Fee | 75% | $78.1 | $938 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 7.0% | |||
| Total Fixed Expenses | $1,002 | $12,018 | ||
| Total Expenses (Fixed + Mortgage) | $2,180 | $26,163 | ||
| Financial Analysis / Deal Attractiveness | ||
| Years: | 5 | 10 |
| Cap Rate | 4.6% | 5.5% |
| Net Cash Flow | $22,853 | $55,447 |
| Equity Increase | $102,874 | $227,340 |
| Total Gain | $125,727 | $282,786 |
| Average Cash Flow/Year | $4,571 | $5,545 |
| Average Cash Flow/Month | $381 | $462 |
| Average Gain/Year | $25,145 | $28,279 |
| Average ROI | 125.2% | 281.5% |
| Annual ROI | 25.0% | 28.2% |
| Projected Property Value | $425,829 | $518,085 |
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 915