$529,000
3805 Hartford Street
Saint Louis MO, 63116
Financial Returns
FinancingCash Flow/mo: -$1,851
CashCash Flow/mo: $464
38.38%IRR
10.83%CAP Rate
21.28%Cash On Cash
Property Information
- Beds: 4
- Baths: 3.5
- Sq Feet: 2,589
- Year: 1897
- Monthly Rent: $2,363
- Property Taxes: $2,919
- Annual HOA: $0
Fantastic location one street away from Tower Grove Park! Very rare opportunity. Great location for AirBnb!
4 bedroom with a huge office upstairs
Financial Projections
Debt (392k, 381k, 368k, 330k) Equity (151k, 162k, 174k, 212k) Appreciation (29k, 91k, 160k, 368k) Cash Positioning (-22k, -66k, -109k, -214k)
Financing Assumptions
| Loan Amount | $396,750 |
| Financed Rehab Amount | $0 |
| Interest Rate | 5.75% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $2,315 |
Initial Investment
| Down Payment (25%) | $132,250 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $5,290 |
| Points (2%) | $7,935 |
| Total Out Of Pocket | $145,475 |
Property KPI Without Financing
| Annual Cash Flow | $5,571 |
| All In Cost | $542,225 |
| Cap Rate | 1.03% |
Property KPI With Financing
| Annual Cash Flow | -$22,213 |
| Total Out Of Pocket | $145,475 |
| Cash On Cash | -15.27% |
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 | 80.35% | 80.35% | 80.35% | 80.35% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,363 | $28,356 | $30,083 | $31,915 | $36,998 |
| Gross Rental Income | $2,363 | $28,356 | $30,083 | $31,915 | $36,998 |
| Expenses | |||||
| Estimated Annual Property Taxes | $243 | $2,919 | $3,097 | $3,286 | $3,809 |
| Estimated Annual Homeowners Insurance | $217 | $2,600 | $2,758 | $2,926 | $3,392 |
| Maintenance & Repairs (15%) | $353 | $4,241 | $4,500 | $4,774 | $5,534 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $25 | $300 | $318 | $338 | $391 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Co-hosting | $1,060 | $12,724 | $13,499 | $14,321 | $16,602 |
| Total Expenses | $1,899 | $22,785 | $24,172 | $25,644 | $29,729 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $464 | $5,571 | $5,911 | $6,271 | $7,269 |
| Net Cashflow | $5,571 | $5,911 | $6,271 | $7,269 | |
| Cap Rate | 1.03% | 1.09% | 1.16% | 1.34% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $464 | $5,571 | $5,911 | $6,271 | $7,269 |
| Mortgage | $2,315 | $27,784 | $27,784 | $27,784 | $27,784 |
| Net Cashflow | -$22,213 | -$21,873 | -$21,513 | -$20,515 | |
| Cash On Cash | -15.27% | -15.04% | -14.79% | -14.1% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Short Term Rental strategy. All figures are estimates for information only. Verify independently before investing.