Total Rehab Opportunity in KC! [code: 4509]
- 3 bedroom 3 bath single family residence with 4th room possible addition
- Highly sought after neighborhood
- No (low) crime area
- Rehab being completed by professional builder
- Waiting to confirm when rehab finish date is expected to be
- Over $240/mo. cash flow
- 2 car attached garage
- See full rehab scope below
- Award winning A-rated schools
- 9,047 square foot lot
Why should you consider this house / what makes it a good investment?
- Built: 1993 with total remodel in 2022
- Size: 3,333 sq ft
- Quiet residential street, Desirable community, A rated schools
Rehab Scope:
Repair siding and fence
Repaint exterior
Keep entry tile, new carpet in living, hall and bedrooms 2,3, and 4
LVP in living and hall
Paint kitchen cabinets, doors, ceilings
Remove mold drywall on 2 basement walls
Repair trim
Remove all wallpaper
All new interior paint
Stained trim, mantle, handrails will all remain stained
Kitchen white, new granite tops, new backsplash
New smooth top electric range, overhead microwave, and dishwasher stainless
New kitchen hardware
Sand and refinish kitchen floors
New tile in 3 bathrooms on floor
Tile around the master tub remains
New light fixtures
New carpet in the basement
**adding a fourth bedroom an option**
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: 4509
| Property Specifications | 1 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Square Feet | 3333 |
| Year Built | 1993, Rehab 2022 |
| Garage Size | 2 |
| Schools Rating (on scale of A-F) | A |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $324,900 |
| Suggested offer (low) | $324,900 |
| Suggested offer (high) | $324,900 |
| Asking | $324,900 |
| Market Value (after improvements) | $326,000 |
| Improvements (lower) | $1,000 |
| Improvements (upper) | $1,500 |
| Closing Costs | $3,249 |
| Mortgage Costs | $3,249 |
| Other Fees At Closing | $0 |
| Total Cost | $332,648 |
| Financial Assumptions | Monthly | Yearly | ||
| Rent (upper) | $2,195 | $2,295 | $27,540 | |
| Rent (lower) | $2,095 | $25,140 | ||
| Property Tax Rate (Approx.) | 1.4% | |||
| Property Taxes | $305 | $3,660 | ||
| Insurance | $100 | $1,200 | ||
| Repairs | $50 | $600 | ||
| Variable-Cost PM | 7.2% | |||
| Property Management Fee | $157 | $1,883 | ||
| Leasing Fee | 68% | $61.7 | $741 | |
| HOA | $0 | $0 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | $755 | $9,062 | ||
| Total Expenses (Fixed + Mortgage) | $2,012 | $24,140 | ||
| Financial Analysis / Deal Attractiveness | |||||
| Years: | 5 | 10 | 15 | 20 | |
| Cap Rate | 3.3% | 4.3% | 5.4% | 6.6% | |
| Net Cash Flow | $14,525 | $38,408 | $72,623 | $118,246 | |
| Equity Increase | $91,674 | $204,148 | $342,171 | $511,587 | |
| Total Gain | $106,199 | $242,555 | $414,793 | $629,833 | |
| Average Cash Flow/Year | $2,905 | $3,841 | $4,842 | $5,912 | |
| Average Cash Flow/Month | $242 | $320 | $403 | $493 | |
| Average Gain/Year | $21,240 | $24,256 | $27,653 | $31,492 | |
| Average ROI | 119.4% | 272.6% | 466.2% | 707.9% | |
| Annual ROI | 23.9% | 27.3% | 31.1% | 35.4% | |
| Projected Property Value | $396,629 | $482,560 | $587,108 | $714,306 | |
| Property Ratings Suggestions | |||||
| Item | Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT | ||
| Schools | B | A | FAVORABLE | ||
| Square Feet | 1000 | 3,333 | FAVORABLE | ||
| Bedrooms | 3 | 3 | FAVORABLE | ||
| Bathrooms | 2 | 3 | FAVORABLE | ||
| Year Built | 1970 | 1993 | FAVORABLE | ||
| Rent/Price (%) | 0.75% | 0.71% | INSUFFICIENT | ||
| Average Cash Flow (at year 5) | $125 | $242 | FAVORABLE | ||
| Average ROI (at year 5) | 15% | 23.9% | 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.