$364,000
127 Summitt St
Rossville GA, 30741
Financial Returns
FinancingCash Flow/mo: $1,078
CashCash Flow/mo: $2,715
25.94%IRR
8.73%CAP Rate
12.92%Cash On Cash
-$364,000Equity
Property Information
- Beds: 4
- Baths: 3.5
- Sq Feet: 3,130
- Year: 1942
- Monthly Rent: $3,100
- Property Taxes: $1,485
- Annual HOA: $0
Fully rehabbed top to bottom almost done! Will be leasing a mother in law suite for $900 once completed and the other unit for $2,200. Everything including the septic tank is new here. Down the road it has room to do an ADU for about $100,000 if you wanted another structure leasing for $1,100, 2 bed 1 bath.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS!
Financial Projections
Debt (270k, 262k, 254k, 228k) Equity (103k, 111k, 119k, 145k) Appreciation (0k, 0k, 0k, 0k) Cash Positioning (13k, 42k, 75k, 177k)
Financing Assumptions
| Loan Amount | $273,000 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,637 |
Initial Investment
| Down Payment (25%) | $91,000 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $3,640 |
| Points (2%) | $5,460 |
| Total Out Of Pocket | $100,100 |
Property KPI Without Financing
| Annual Cash Flow | $32,577 |
| All In Cost | $373,100 |
| Cap Rate | 8.73% |
Property KPI With Financing
| Annual Cash Flow | $12,936 |
| Total Out Of Pocket | $100,100 |
| Cash On Cash | 12.92% |
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 | 10.64% | 10.64% | 10.64% | 10.64% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,100 | $37,200 | $39,465 | $41,869 | $48,538 |
| Vacancy Rate (2%) | $62 | $744 | $789 | $837 | $971 |
| Gross Rental Income | $3,038 | $36,456 | $38,676 | $41,032 | $47,567 |
| Expenses | |||||
| Estimated Annual Property Taxes | $124 | $1,485 | $1,575 | $1,671 | $1,938 |
| Estimated Annual Homeowners Insurance | $108 | $1,300 | $1,379 | $1,463 | $1,696 |
| Maintenance & Repairs (3%) | $91 | $1,094 | $1,160 | $1,231 | $1,427 |
| 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 | $323 | $3,879 | $4,115 | $4,365 | $5,061 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,715 | $32,577 | $34,561 | $36,666 | $42,506 |
| Net Cashflow | $32,577 | $34,561 | $36,666 | $42,506 | |
| Cap Rate | 8.73% | 9.26% | 9.83% | 11.39% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,715 | $32,577 | $34,561 | $36,666 | $42,506 |
| Mortgage | $1,637 | $19,641 | $19,641 | $19,641 | $19,641 |
| Net Cashflow | $12,936 | $14,920 | $17,025 | $22,865 | |
| Cash On Cash | 12.92% | 14.91% | 17.01% | 22.84% | |
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.