This property is rehabbed and rented! DOUBLE LOT!
*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!
Lease term: 09/15/2025 -- 08/31/2026
| Loan Amount | $198,750 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,256 |
| Down Payment (25%) | $66,250 |
| Credit From Seller | -$5,300 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,650 |
| Points (2%) | $3,975 |
| Total Out Of Pocket | $67,575 |
| Annual Cash Flow | $24,562 |
| All In Cost | $271,625 |
| Cap Rate | 9.04% |
| Annual Cash Flow | $9,487 |
| Total Out Of Pocket | $67,575 |
| Cash On Cash | 14.04% |
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 | 9.19% | 9.19% | 9.19% | 9.19% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,300 | $27,600 | $29,281 | $31,064 | $36,012 |
| Vacancy Rate (2%) | $46 | $552 | $586 | $621 | $720 |
| Gross Rental Income | $2,254 | $27,048 | $28,695 | $30,443 | $35,292 |
| Expenses | |||||
| Estimated Annual Property Taxes | $67 | $800 | $849 | $900 | $1,044 |
| Estimated Annual Homeowners Insurance | $73 | $875 | $928 | $985 | $1,142 |
| Maintenance & Repairs (3%) | $68 | $811 | $861 | $913 | $1,059 |
| 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 | $207 | $2,486 | $2,638 | $2,799 | $3,244 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,047 | $24,562 | $26,057 | $27,644 | $32,047 |
| Net Cashflow | $24,562 | $26,057 | $27,644 | $32,047 | |
| Cap Rate | 9.04% | 9.59% | 10.18% | 11.8% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,047 | $24,562 | $26,057 | $27,644 | $32,047 |
| Mortgage | $1,256 | $15,075 | $15,075 | $15,075 | $15,075 |
| Net Cashflow | $9,487 | $10,983 | $12,569 | $16,972 | |
| Cash On Cash | 14.04% | 16.25% | 18.6% | 25.12% | |
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.