Financial Returns
Property Information
- Beds: 4
- Baths: 2.5
- Sq Feet: 1,836
- Year: 1911
- Monthly Rent: $1
- Property Taxes: $3,100
- Annual HOA: $0
Fantastic area, walking distance to restaurants and brand new mixed development with high end condos and retail space, walk to Botanical Gardens and Tower Grove Park.
Location! Location! Location!
We have partially furnished the property from some used furniture that came from another STR we sold. We estimate the total furnishings to cost roughly $25,000-$30,000 that will be in addition to the purchase price and paid outside of closing separately.
The basement is unfinished with a half bathroom already with rough plumbing installed ready to finish if you choose to at some point in the future. Currently, it could be used as a game room if you installed electrical outlets, some additional lights, and painted the ceiling, walls and floor.
Financial Projections
Financing Assumptions
| Loan Amount | $311,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,967 |
Initial Investment
| Down Payment (25%) | $103,750 |
| Credit From Seller | -$8,300 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $8,300 |
| Points (2%) | $6,225 |
| Total Out Of Pocket | $109,975 |
Property KPI Without Financing
| Annual Cash Flow | -$20,868 |
| All In Cost | $429,525 |
| Cap Rate | -4.86% |
Property KPI With Financing
| Annual Cash Flow | -$44,476 |
| Total Out Of Pocket | $109,975 |
| Cash On Cash | -40.44% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 174,000% | 174,000% | 174,000% | 174,000% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1 | $12 | $13 | $14 | $16 |
| Gross Rental Income | $1 | $12 | $13 | $14 | $16 |
| Expenses | |||||
| Estimated Annual Property Taxes | $258 | $3,100 | $3,289 | $3,489 | $4,045 |
| Estimated Annual Homeowners Insurance | $183 | $2,200 | $2,334 | $2,476 | $2,871 |
| Maintenance & Repairs (31,938%) | $319 | $3,833 | $4,066 | $4,314 | $5,001 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $21 | $250 | $265 | $281 | $326 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Co-hosting | $958 | $11,498 | $12,198 | $12,941 | $15,002 |
| Total Expenses | $1,740 | $20,880 | $22,152 | $23,501 | $27,244 |
| Returns Without Financing | |||||
| NOI (Cash Available) | -$1,739 | -$20,868 | -$22,139 | -$23,487 | -$27,228 |
| Net Cashflow | -$20,868 | -$22,139 | -$23,487 | -$27,228 | |
| Cap Rate | -4.86% | -5.15% | -5.47% | -6.34% | |
| Returns With Financing | |||||
| NOI (Cash Available) | -$1,739 | -$20,868 | -$22,139 | -$23,487 | -$27,228 |
| Mortgage | $1,967 | $23,608 | $23,608 | $23,608 | $23,608 |
| Net Cashflow | -$44,476 | -$45,747 | -$47,095 | -$50,836 | |
| Cash On Cash | -40.44% | -41.6% | -42.82% | -46.22% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Short Term Rental strategy. All figures are estimates for information only. Verify independently before investing.