$146,690
1335 W 13th St
Davenport IA, 52804
Financial Returns
FinancingCash Flow/mo: $729
CashCash Flow/mo: $1,389
35.23%IRR
11.09%CAP Rate
21.70%Cash On Cash
$13,310Equity
Property Information
- Beds: 5
- Baths: 2
- Sq Feet: 2,728
- Year: 1900
- Monthly Rent: $1,760
- Property Taxes: $2,008
- Annual HOA: $0
Duplex! Upper unit is rented a few months ago. The lower unit has a long term tenant with zero plans to leave. Loves her in house laundry. Upper unit was fixed up before filled. Lower takes good care of it.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!
Financial Projections
Debt (109k, 106k, 102k, 92k) Equity (42k, 45k, 48k, 58k) Appreciation (8k, 25k, 44k, 102k) Cash Positioning (9k, 28k, 49k, 112k)
Financing Assumptions
| Loan Amount | $110,018 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $660 |
Initial Investment
| Down Payment (25%) | $36,673 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,467 |
| Points (2%) | $2,200 |
| Total Out Of Pocket | $40,340 |
Property KPI Without Financing
| Annual Cash Flow | $16,669 |
| All In Cost | $150,357 |
| Cap Rate | 11.09% |
Property KPI With Financing
| Annual Cash Flow | $8,753 |
| Total Out Of Pocket | $40,340 |
| Cash On Cash | 21.7% |
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 | 19.47% | 19.47% | 19.47% | 19.47% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,760 | $21,120 | $22,406 | $23,771 | $27,557 |
| Vacancy Rate (2%) | $35 | $422 | $448 | $475 | $551 |
| Gross Rental Income | $1,725 | $20,698 | $21,958 | $23,295 | $27,006 |
| Expenses | |||||
| Estimated Annual Property Taxes | $167 | $2,008 | $2,130 | $2,260 | $2,620 |
| Estimated Annual Homeowners Insurance | $117 | $1,400 | $1,485 | $1,576 | $1,827 |
| Maintenance & Repairs (3%) | $52 | $621 | $659 | $699 | $810 |
| 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 | $336 | $4,029 | $4,274 | $4,535 | $5,257 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,389 | $16,669 | $17,684 | $18,761 | $21,749 |
| Net Cashflow | $16,669 | $17,684 | $18,761 | $21,749 | |
| Cap Rate | 11.09% | 11.76% | 12.48% | 14.46% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,389 | $16,669 | $17,684 | $18,761 | $21,749 |
| Mortgage | $660 | $7,915 | $7,915 | $7,915 | $7,915 |
| Net Cashflow | $8,753 | $9,768 | $10,845 | $13,834 | |
| Cash On Cash | 21.7% | 24.22% | 26.89% | 34.29% | |
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.