Financial Returns
Property Information
- Beds: 6
- Baths: 3
- Sq Feet: 2,201
- Year: 1955
- Monthly Rent: $2,475
- Property Taxes: $1,435
- Annual HOA: $0
The renovation just finished on this one and it turned out very nice! This is retail quality and almost this was a new build from the foundation on up! Everything is new! This is in a suburb/retail area.
Currently advertising for a tenant.
Recent appraisal was for $336,000. Pro photos coming soon...
*SELLER TO CONTRIBUTE 2% TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is a flat $109 monthly fee.
*90 day warranty on all repairs, 1 year warranty on all major repair items!
Financial Projections
Financing Assumptions
| Loan Amount | $213,750 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,351 |
Initial Investment
| Down Payment (25%) | $71,250 |
| Credit From Seller | -$5,700 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $5,700 |
| Points (2%) | $4,275 |
| Total Out Of Pocket | $75,525 |
Property KPI Without Financing
| Annual Cash Flow | $25,898 |
| All In Cost | $294,975 |
| Cap Rate | 8.78% |
Property KPI With Financing
| Annual Cash Flow | $9,685 |
| Total Out Of Pocket | $75,525 |
| Cash On Cash | 12.82% |
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 | 11.02% | 11.02% | 11.02% | 11.02% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,475 | $29,700 | $31,509 | $33,428 | $38,752 |
| Vacancy Rate (2%) | $50 | $594 | $630 | $669 | $775 |
| Gross Rental Income | $2,426 | $29,106 | $30,879 | $32,759 | $37,977 |
| Expenses | |||||
| Estimated Annual Property Taxes | $120 | $1,435 | $1,522 | $1,615 | $1,872 |
| Estimated Annual Homeowners Insurance | $75 | $900 | $955 | $1,013 | $1,174 |
| Maintenance & Repairs (3%) | $73 | $873 | $926 | $983 | $1,139 |
| 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 | $267 | $3,208 | $3,404 | $3,611 | $4,186 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,158 | $25,898 | $27,475 | $29,148 | $33,791 |
| Net Cashflow | $25,898 | $27,475 | $29,148 | $33,791 | |
| Cap Rate | 8.78% | 9.31% | 9.88% | 11.46% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,158 | $25,898 | $27,475 | $29,148 | $33,791 |
| Mortgage | $1,351 | $16,213 | $16,213 | $16,213 | $16,213 |
| Net Cashflow | $9,685 | $11,262 | $12,936 | $17,578 | |
| Cash On Cash | 12.82% | 14.91% | 17.13% | 23.27% | |
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.