$198,000
2010 E Humes Ln
Florissant MO, 63033
Financial Returns
FinancingCash Flow/mo: $717
CashCash Flow/mo: $1,607
28.45%IRR
9.41%CAP Rate
15.24%Cash On Cash
$12,000Equity
Property Information
- Beds: 5
- Baths: 2
- Sq Feet: 1,378
- Year: 1967
- Monthly Rent: $2,050
- Property Taxes: $2,600
- Annual HOA: $0
Recently rehabbed at the end of a quiet street! Very rare property and opportunity! Act now because it will go quick! We can have it rented shortly.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8% monthly management fee.
Financial Projections
Debt (147k, 143k, 138k, 124k) Equity (58k, 62k, 67k, 81k) Appreciation (11k, 33k, 59k, 134k) Cash Positioning (9k, 28k, 49k, 114k)
Financing Assumptions
| Loan Amount | $148,500 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $890 |
Initial Investment
| Down Payment (25%) | $49,500 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $3,960 |
| Points (2%) | $2,970 |
| Total Out Of Pocket | $56,430 |
Property KPI Without Financing
| Annual Cash Flow | $19,285 |
| All In Cost | $204,930 |
| Cap Rate | 9.41% |
Property KPI With Financing
| Annual Cash Flow | $8,601 |
| Total Out Of Pocket | $56,430 |
| Cash On Cash | 15.24% |
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 | 20.01% | 20.01% | 20.01% | 20.01% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,050 | $24,600 | $26,098 | $27,688 | $32,097 |
| Vacancy Rate (2%) | $41 | $492 | $522 | $554 | $642 |
| Gross Rental Income | $2,009 | $24,108 | $25,576 | $27,134 | $31,455 |
| Expenses | |||||
| Estimated Annual Property Taxes | $217 | $2,600 | $2,758 | $2,926 | $3,392 |
| Estimated Annual Homeowners Insurance | $125 | $1,500 | $1,591 | $1,688 | $1,957 |
| Maintenance & Repairs (3%) | $60 | $723 | $767 | $814 | $944 |
| 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 | $402 | $4,823 | $5,117 | $5,429 | $6,293 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,607 | $19,285 | $20,459 | $21,705 | $25,162 |
| Net Cashflow | $19,285 | $20,459 | $21,705 | $25,162 | |
| Cap Rate | 9.41% | 9.98% | 10.59% | 12.28% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,607 | $19,285 | $20,459 | $21,705 | $25,162 |
| Mortgage | $890 | $10,684 | $10,684 | $10,684 | $10,684 |
| Net Cashflow | $8,601 | $9,775 | $11,021 | $14,478 | |
| Cash On Cash | 15.24% | 17.32% | 19.53% | 25.66% | |
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.