Financial Returns
Property Information
- Beds: 5
- Baths: 2
- Sq Feet: 1,680
- Year: 1911
- Monthly Rent: $3,503
- Property Taxes: $2,100
- Annual HOA: $0
DUPLEX WITH BRAND NEW CONSTRUCTION HOMES IN EACH SIDE!
BOTH UNITS CURRENTLY RENTED VIA SECTION 8!
This is not a recently renovated typical turnkey property as things are older, but it comes with a 3rd party home warranty for 12 months.
Front unit is a 2 bedroom 1 bathroom unit.
Rear unit is 3 bedrooms 1 bathroom unit.
One tenant has been there roughly 3 years, and the other roughly 8 years.
One unit was renovated 3 years ago. The roof, windows, electrical, and the plumbing was upgraded 2 years ago by licensed contractors and the city came and inspected the work. The roof, plumbing, and electrical were done with permits.
There is a basement that could later be turned into an apartment because it has a front and back door.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Financing Assumptions
| Loan Amount | $206,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.7% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,331 |
Initial Investment
| Down Payment (25%) | $68,750 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $5,500 |
| Points (2%) | $4,125 |
| Total Out Of Pocket | $78,375 |
Property KPI Without Financing
| Annual Cash Flow | $36,279 |
| All In Cost | $284,625 |
| Cap Rate | 12.75% |
Property KPI With Financing
| Annual Cash Flow | $20,309 |
| Total Out Of Pocket | $78,375 |
| Cash On Cash | 25.91% |
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 | 12.85% | 12.85% | 12.85% | 12.85% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,503 | $42,036 | $44,596 | $47,312 | $54,847 |
| Vacancy Rate (0.97%) | $34 | $408 | $433 | $459 | $532 |
| Gross Rental Income | $3,469 | $41,628 | $44,163 | $46,853 | $54,315 |
| Expenses | |||||
| Estimated Annual Property Taxes | $175 | $2,100 | $2,228 | $2,364 | $2,740 |
| Estimated Annual Homeowners Insurance | $167 | $2,000 | $2,122 | $2,251 | $2,610 |
| Maintenance & Repairs (3%) | $104 | $1,249 | $1,325 | $1,406 | $1,629 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $446 | $5,349 | $5,675 | $6,020 | $6,979 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $3,023 | $36,279 | $38,489 | $40,833 | $47,336 |
| Net Cashflow | $36,279 | $38,489 | $40,833 | $47,336 | |
| Cap Rate | 12.75% | 13.52% | 14.35% | 16.63% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $3,023 | $36,279 | $38,489 | $40,833 | $47,336 |
| Mortgage | $1,331 | $15,971 | $15,971 | $15,971 | $15,971 |
| Net Cashflow | $20,309 | $22,518 | $24,862 | $31,365 | |
| Cash On Cash | 25.91% | 28.73% | 31.72% | 40.02% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.