We Saw You Checking Us Out ūüėŹ [Code: 10819]

Why THIS deal??
  • ~$231/mo. cash flow once you can refi to 6.0%¬†
  • Cash flows at ~$134/mo. at today’s rates of 6.75%
 
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  • Single Family home with 3 bedrooms and 2 full bathrooms
  • Loan amount needs to stay under $200k for this mortgage rate
  • An additional rate decrease is available if you want to put down 40%
  • Location has quick access to major commuting routes, shopping and schools
  • Highly appreciating area with strong rental market
  • Property has been on the market¬†for 76 days
  • Price has dropped $20,100 since the original listing date
  • Low HOA charges
  • #cashflow¬† #appreciation¬† #turnkey

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

  • Built: 2003
  • Size:1,956 square foot home
  • Low Crime, Desirable Community, B 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: Chris¬†¬†–¬†email¬†directly at¬†kc3@simplydoit.net

Code: 10819

Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1956
 Year Built2003
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)13
Lot size (sq ft)                 8,712

 

Purchase AssumptionsMy Offer
Offer used for analysis$305,000
Suggested offer (low)$305,000
Suggested offer (high)$310,000
Asking$319,900
Market Value (after improvements)$315,000
Estimated Improvements (lower)$2,000
Estimated Improvements (upper)$4,000
Estimated Closing Costs$3,050
Estimated Mortgage Costs$2,280
Other Fees At Closing (pts, . . . )$1,983
Total Cost (estimated)$315,312

 

Financing Assumptions
 Down Payment (%)35%
 Down Payment Amount$106,750
 Financed Amount$198,250
 Interest Rate6.750%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,286
 Cash Outlay (Total Out of Pocket)$117,062

 

Estimated Financial AssumptionsMonthlyYearly
 

Rent (upper)*
$2,200$2,300$27,600
Rent (lower)*$2,100$25,200
Property Taxes$335$4,020
Insurance$145$1,740
Repairs75$75$900
Property Management Monthly (%)7.2%
Property Management Monthly ($)$157$1,888
Leasing Fee68%$61.9$743
HOA or Fixed Costs$20$240
Vacancy Rate4.0%
Total Fixed Expenses$876$10,511
Total Expenses (Fixed + Mortgage)$2,162$25,941

 

Financial Analysis / Deal Attractiveness
Years:5101520
 Cap Rate1.4%2.7%4.2%5.9%
 Net Cash Flow$8,011$31,782$74,051$138,015
 Equity Increase$80,387$180,418$305,240$461,472
 Total Gain$88,399$212,201$379,291$599,487
 Average Cash Flow/Year$1,602$3,178$4,937$6,901
 Average Cash Flow/Month$134$265$411$575
 Average Gain/Year$17,680$21,220$25,286$29,974
 Average ROI75.5%181.3%324.0%512.1%
 Annual ROI15.1%18.1%21.6%25.6%
 Projected Property Value$383,246$466,277$567,297$690,204

 

Property Ratings Suggestions
 Item Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best)1413INSUFFICIENT
 Square Feet1,0001,956FAVORABLE
 Bedrooms33FAVORABLE
 Bathrooms22FAVORABLE
 Year Built19702003FAVORABLE
 Average Cash Flow (at year 5)$125$134FAVORABLE
 Average ROI (at year 5)15%15.1%FAVORABLE

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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.¬†