Financial Returns
Property Information
- Beds: 8
- Baths: 4
- Sq Feet: 4,400
- Year: 1920
- Monthly Rent: $4,295
- Property Taxes: $1,800
- Annual HOA: $0
Fantastic 4plex 20 minutes to the heart of downtown St. Louis in a small town of 28,000 and located on a B to B- Street and probably a C+ area generally. This property is totally renovated inside and out, new plumbing, electrical, framing, sheetrock, bathrooms with subway tiled showers and new vanities and toilets, new LVP throughout, 3 new window heating and cooling units in each unit as well as baseboard heaters, all new kitchens with white shaker cabinets, new countertops, new stainless appliances, new water lines and service, new sewer laterals, and the list goes on and on!
This property was over rehabbed and will not appraise for the selling price. So you would need to come to the table with more cash than usual.
Financial Projections
Financing Assumptions
| Loan Amount | $201,500 |
| Financed Rehab Amount | $0 |
| Interest Rate | |
| Mortgage (yrs) | 6.1 |
| Mortgage Payment | $1,274 |
Initial Investment
| Down Payment (38%) | $123,500 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $3,250 |
| Points (2%) | $4,030 |
| Total Out Of Pocket | $130,780 |
Property KPI Without Financing
| Annual Cash Flow | $38,798 |
| All In Cost | $332,280 |
| Cap Rate | 11.68% |
Property KPI With Financing
| Annual Cash Flow | $23,514 |
| Total Out Of Pocket | $130,780 |
| Cash On Cash | 17.98% |
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 | 20.76% | 20.76% | 20.76% | 20.76% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $4,295 | $51,540 | $54,679 | $58,009 | $67,248 |
| Vacancy Rate (5%) | $215 | $2,577 | $2,734 | $2,900 | $3,362 |
| Gross Rental Income | $4,080 | $48,963 | $51,945 | $55,108 | $63,886 |
| Expenses | |||||
| Estimated Annual Property Taxes | $150 | $1,800 | $1,910 | $2,026 | $2,349 |
| Estimated Annual Homeowners Insurance | $167 | $2,000 | $2,122 | $2,251 | $2,610 |
| Maintenance & Repairs (5%) | $204 | $2,448 | $2,597 | $2,755 | $3,194 |
| Estimated Annual Prop Mgmt Fee (8%) | $326 | $3,917 | $4,156 | $4,409 | $5,111 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $847 | $10,165 | $10,784 | $11,441 | $13,263 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $3,233 | $38,798 | $41,161 | $43,667 | $50,622 |
| Net Cashflow | $38,798 | $41,161 | $43,667 | $50,622 | |
| Cap Rate | 11.68% | 12.39% | 13.14% | 15.23% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $3,233 | $38,798 | $41,161 | $43,667 | $50,622 |
| Mortgage | $1,274 | $15,283 | $15,283 | $15,283 | $15,283 |
| Net Cashflow | $23,514 | $25,877 | $28,384 | $35,339 | |
| Cash On Cash | 17.98% | 19.79% | 21.7% | 27.02% | |
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.