Upgraded opportunity with awesome cash flow [code 4630]


image.png
image.png

  • Completely remodeled top to bottom
  • Excellent cash flow of $460/mo.
  • Roof is only 1 year old
  • New vinyl windows and floors throughout
  • Fully fenced large backyard with wood deck off the back
  • No (low) crime area
  • Your primary renter will probably be a dual income/no children family.
  • Walkable St. Louis city neighborhood
  • Washer, Dryer, Refrigerator, Stove, Microwave Dishwasher to convey with purchase of property
  • Basement with no signs of moisture
  • New PVC stack for plumbing.  Might have lateral issues with city sewage.
  • Detached 2-car garage
  • Upgraded kitchen with open concept living area
  • 4,300+ sq. foot lot 

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

  • Built: 1923
  • Size: 1,263 sq ft sitting on a 4,300+ square foot lot
  • Quiet residential street, Desirable community, walkable score of 67

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: St. Louis

Team: Alicia

Code: 4630

stl2@simplydoit.net

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet`1263
 Year Built1923
 Garage Size2
 Schools Rating (on scale of A-F)C

Purchase AssumptionsMy Offer
Offer used for analysis$250,000
Suggested offer (low)$250,000
Suggested offer (high)$265,000
Asking$250,000
Market Value (after improvements)$260,000
Improvements (lower)$2,500
Improvements (upper)$3,500
Closing Costs$2,500
Mortgage Costs$2,500
Other Fees At Closing$1,000
Total Cost $259,000

Financial AssumptionsMonthlyYearly
Rent (upper)$1,900$2,000$24,000
Rent (lower)$1,800$21,600
 Property Tax Rate (Approx.)0.68
 Property Taxes$142$1,704
 Insurance$110$1,320
 Repairs$75$900
Variable-Cost PM7.5%
Property Management Fee$143$1,710
 Leasing Fee75%$59.4$713
 HOA$0$0
 Vacancy Rate6.0%
 Total Fixed Expenses$634$7,612
 Total Expenses (Fixed + Mortgage)$1,492$17,905

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate7.7%8.9%10.1%11.4%
 Net Cash Flow$27,575$63,377$108,262$163,174
 Equity Increase$75,218$166,415$276,991$411,066
 Total Gain$102,793$229,792$385,252$574,241
 Average Cash Flow/Year$5,515$6,338$7,217$8,159
 Average Cash Flow/Month$460$528$601$680
 Average Gain/Year$20,559$22,979$25,683$28,712
 Average ROI143.8%321.4%538.8%803.1%
 Annual ROI28.8%32.1%35.9%40.2%
 Projected Property Value$316,330$384,864$468,245$569,692

Property Ratings Suggestions
 Item Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 SchoolsBCINSUFFICIENT
 Square Feet1000`1263FAVORABLE
 Bedrooms33FAVORABLE
 Bathrooms22FAVORABLE
 Year Built19701923INSUFFICIENT
 Rent/Price (%)0.75%0.80%FAVORABLE
 Average Cash Flow (at year 5)$125$460FAVORABLE
 Average ROI (at year 5)15%28.8%FAVORABLE

image.png

image.png

image.png

image.png

 

image.png

 

image.png

 

image.png

image.png


image.png

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.