Turnkey 4-plex with crazy cash flow! [Code: 2608]

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After 15 Years (no mortgage) 
Original purchase price$575,000
Total investment (out of pocket)$162,250
15 yrs Project house value$1,035,543
Value (appreciation) Gain$460,543
15 yrs cash-flow generated$189,679
Total Gain$650,221
ROI (15 yrs)401%
ROI (annually)27%
Free & Clear cash flow (yr.)$48,101
Free & Clear cash flow (m)$4,008
  • Large fully remodeled two story 4-plex (2 bedroom, 1.5 bath units)
  • Price recently dropped by $74K!
  • All units are occupied and management is in place
  • All units have been remodeled and updated.  Turnkey property with very little make-ready necessary
  • Buyer must agree to a 1031 exchange with no cost to the buyer
  • LVP floors and upgrades throughout 
  • Beautiful kitchen with new granite countertops, all new cabinets, tile backsplash, all new stainless steel appliances (Refrigerator, stove, dishwasher & OTR microwave)
  • ~ $715/mo. cash flow 
  • No HOA costs
  • A rated schools
  • Tenants pay their own utilities
  • 1 car attached garages for each unit with new garage doors and openers

Why should you consider this house / what makes it a good investment?

  • Built: 1986
  • Size: 7176 square foot building
  • Low Crime, Desirable community, Turnkey property

            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: Elizabeth – email directly at kc1@simplydoit.net

            Code: 2608

            Property Specifications4Per Door
             Square Feet71761794
             Year Built1986 
             Garage Size41
             Schools Rating (on scale of A-F)A 
            Purchase AssumptionsMy OfferPer Door
            Offer used for analysis$575,000$143,750
            Suggested offer (low)$575,000$143,750
            Suggested offer (high)$595,000$148,750
            Market Value (after improvements)$575,000$143,750
            Improvements (lower)$4,000$1,000
            Improvements (upper)$10,000$2,500
            Closing Costs$5,750 
            Mortgage Costs$5,750 
            Other Fees At Closing$0$0
            Total Cost $593,500$1,438

            Financial AssumptionsMonthlyYearly
            Rent (upper)$4,890$5,180$62,160
            Rent (lower)$4,600$55,200
             Property Tax Rate (Approx.)1.4% 
             Property Taxes$533$6,400
            Variable-Cost PM7.2% 
            Property Management Fee$350$4,196
             Leasing Fee68%$137.5$1,650
             Vacancy Rate4.0% 
             Total Fixed Expenses$1,852$22,225
             Total Expenses (Fixed + Mortgage)$4,301$51,608
            Financial Analysis / Deal Attractiveness    
             Cap Rate5.3%6.5%7.8%9.2%
             Net Cash Flow$42,796$105,337$189,679$298,090
             Equity Increase$157,089$351,432$592,118$890,524
             Total Gain$199,885$456,770$781,797$1,188,614
             Average Cash Flow/Year$8,559$10,534$12,645$14,905
             Average Cash Flow/Month$713$878$1,054$1,242
             Average Gain/Year$39,977$45,677$52,120$59,431
             Average ROI123.2%281.5%481.8%732.6%
             Annual ROI24.6%28.2%32.1%36.6%
             Projected Property Value$699,575$851,140$1,035,543$1,259,896
            Property Ratings Suggestions
             Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
             Schools  BAFAVORABLE
             Square Feet 10007,176FAVORABLE
             Bedrooms 38FAVORABLE
             Bathrooms 26FAVORABLE
             Year Built 19701986FAVORABLE
             Rent/Price (%) 0.75%0.90%FAVORABLE
             Average Cash Flow (at year 5)$125$713FAVORABLE
             Average ROI (at year 5)15%24.6%FAVORABLE
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            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.