The Quad that Acts Like a House! [Code 8340]
- ~$1,030/mo. cash flow once you can refi to 4.5%
- Cash flows at ~$370 at today's rates of 6.5%
- Opportunity to buy 4 properties at ~$175k each!
- Fully Occupied!
| After 15 Years (no mortgage) | |||
| Original purchase price | $700,000 | ||
| Total investment (out of pocket) | $195,000 | ||
| 15 yrs Project house value | $1,350,708 | ||
| Value (appreciation) Gain | $650,708 | ||
| 15 yrs cash-flow generated | $138,172 | ||
| Total Gain | $788,879 | ||
| ROI (15 yrs) | 405% | ||
| ROI (annually) | 27% | ||
| Free & Clear cash flow (yr.) | $56,116 | ||
| Free & Clear cash flow (m) | $4,676 | ||
- 12 bedroom, 8 bath 4-plex (each unit has 3 bedrooms and 2 bathrooms)
- Fully Occupied currently!
- No Owner-paid utilities. Tenants pay all utilities separately!
- Great location with quick access to major commuting routes, shopping and schools
- New high-end housing developments continue in the area. Great for appreciation!
- A-rated schools
- Great location close to Liberty MO and the airport!
- Each unit has concrete patio out back and a shared grass area (non-fenced)
- Attached 1-car garages for each unit (total of 4 garages)
- 3,920 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 2015
- Size 5,524 square foot property (each unit is 1,381 square feet)
- Low Crime, Desirable Community, A-Rated Schools
What's next?
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Metro: Kansas City
Team: Meredith – email directly at kc1@simplydoit.net
Code: 8340
| Property Specifications | 4 | Per Door |
| Bedrooms | 12 | 3 |
| Bathrooms | 8 | 2.0 |
| Square Feet | 5524 | 1381 |
| Year Built | 2015 | |
| Garage Size | 4 | 1 |
| Schools Rating (on scale of A-C) | A |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $700,000 | $175,000 |
| Suggested offer (low) | $700,000 | $175,000 |
| Suggested offer (high) | $725,000 | $181,250 |
| Asking | $700,000 | $175,000 |
| Market Value (after improvements) | $750,000 | |
| Improvements (lower) | $4,000 | $1,000 |
| Improvements (upper) | $8,000 | $2,000 |
| Closing Costs | $7,000 | $1,750 |
| Mortgage Costs | $7,000 | $1,750 |
| Other Fees At Closing | $0 | $0 |
| Total Cost | $720,000 | $1,750 |
| Financing Assumptions | |||
| Down Payment (%) | 25% | ||
| Down Payment Amount | $175,000 | ||
| Financed Amount | $525,000 | ||
| Interest Rate (5/6 ARM) | 6.500% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $3,318 | ||
| Cash Outlay (Total Out of Pocket) | $195,000 | ||
| Financial Assumptions | Monthly | Yearly | |
| Rent (upper) | $6,140 | $6,500 | $78,000 |
| Rent (current rents) | $5,780 | $69,360 | |
| Property Tax Rate (Approx.) | 1.4% | ||
| Property Taxes | $825 | $9,900 | |
| Insurance (currently showing $1750/yr) | $200 | $2,400 | |
| Repairs | $200 | $2,400 | |
| Variable-Cost PM | 7.0% | ||
| Property Management Fee | $430 | $5,158 | |
| Leasing Fee | 68% | $172.7 | $2,072 |
| HOA | $540 | $6,480 | |
| Vacancy Rate | 4.0% | ||
| Total Fixed Expenses | $2,596 | $31,151 | |
| Total Expenses (Fixed + Mortgage) | $5,914 | $70,971 | |
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 2.3% | 3.5% | 4.7% | 6.1% | |
| Net Cash Flow | $22,223 | $67,481 | $138,172 | $236,943 | |
| Equity Increase | $196,032 | $440,109 | $744,773 | $1,126,101 | |
| Total Gain | $218,255 | $507,590 | $882,945 | $1,363,044 | |
| Average Cash Flow/Year | $4,445 | $6,748 | $9,211 | $11,847 | |
| Average Cash Flow/Month | $370 | $562 | $768 | $987 | |
| Average Gain/Year | $43,651 | $50,759 | $58,863 | $68,152 | |
| Average ROI | 111.9% | 260.3% | 452.8% | 699.0% | |
| Annual ROI | 22.4% | 26.0% | 30.2% | 34.9% | |
| Projected Property Value | $912,490 | $1,110,183 | $1,350,708 | $1,643,342 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | A | FAVORABLE | ||
| Square Feet | 1000 | 5,524 | FAVORABLE | ||
| Bedrooms | 3 | 12 | FAVORABLE | ||
| Bathrooms | 2 | 8 | FAVORABLE | ||
| Year Built | 1970 | 2015 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.93% | FAVORABLE | ||
| Average Cash Flow (at year 5) | $125 | $370 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 22.4% | 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.