Financial Returns
Property Information
- Beds: 6
- Baths: 3.5
- Sq Feet: 1,892
- Year: 1920
- Monthly Rent: $2,150
- Property Taxes: $3,500
- Annual HOA: $0
Fantastic neighborhood, school teacher next door, park like setting, walk 50 yards across the street to the best park in town to the right or the high school and middle school to the left. Renovated duplex 4/2.5 on main floor and 2/1 upstairs.
Newer roof, new electrical panels, meters, mostly new wiring, new plumbing including stack. New flooring, paint, lighting, new kitchen upstairs, two totally redone bathrooms, main floor kitchen new countertops, freshly painted cabinets, new knobs and pulls, new stainless appliances (not pictured). Oversized two car garage and each unit has private use of half basement with laundry hookups.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
We have secured tenants for each unit, moving in soon!
Financial Projections
Financing Assumptions
| Loan Amount | $140,565 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $888 |
Initial Investment
| Down Payment (25%) | $46,855 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,874 |
| Points (2%) | $2,811 |
| Total Out Of Pocket | $51,541 |
Property KPI Without Financing
| Annual Cash Flow | $19,916 |
| All In Cost | $192,106 |
| Cap Rate | 10.37% |
Property KPI With Financing
| Annual Cash Flow | $9,255 |
| Total Out Of Pocket | $51,541 |
| Cash On Cash | 17.96% |
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 | 22.15% | 22.15% | 22.15% | 22.15% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,150 | $25,800 | $27,371 | $29,038 | $33,663 |
| Vacancy Rate (0.84%) | $18 | $216 | $229 | $243 | $282 |
| Gross Rental Income | $2,132 | $25,584 | $27,142 | $28,795 | $33,381 |
| Expenses | |||||
| Estimated Annual Property Taxes | $292 | $3,500 | $3,713 | $3,939 | $4,567 |
| Estimated Annual Homeowners Insurance | $117 | $1,400 | $1,485 | $1,576 | $1,827 |
| Maintenance & Repairs (3%) | $64 | $768 | $814 | $864 | $1,001 |
| 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 | $472 | $5,668 | $6,013 | $6,379 | $7,395 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,660 | $19,916 | $21,129 | $22,416 | $25,986 |
| Net Cashflow | $19,916 | $21,129 | $22,416 | $25,986 | |
| Cap Rate | 10.37% | 11% | 11.67% | 13.53% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,660 | $19,916 | $21,129 | $22,416 | $25,986 |
| Mortgage | $888 | $10,662 | $10,662 | $10,662 | $10,662 |
| Net Cashflow | $9,255 | $10,468 | $11,755 | $15,325 | |
| Cash On Cash | 17.96% | 20.31% | 22.81% | 29.73% | |
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.