Financial Returns
Property Information
- Beds: 4
- Baths: 4
- Sq Feet: 3,400
- Year: 1927
- Monthly Rent: $3,075
- Property Taxes: $1,435
- Annual HOA: $0
Attention Investors! 4plex in great condition! Two-story, 4-unit brick building. Three units leased with one vacancy.
Unit 1 - leased for $825
Unit 2 - leased for $750
Unit 3 - leased for $650
Unit 4 - vacant, projected rent $875. We are being conservative at $850 for the proforma.
The long term tenant leased at $650 can be increased incrementally over time. So take the tenant $650 and move them to $685, and the tenant at $750 to $775. And lease the vacant unit for $875.
The other first level unit has been recently renovated. The other tenants went to month to month but are long term, they have not asked them about doing a one year lease.
Each one bedroom unit offers generously-sized rooms including a living room, eat-in kitchen, a bath and some hardwood floors. Both the front porch and rear balcony have decorative wrought iron spindles. The rear balconies overlook a grassy back yard. Newer 5 year old high quality flat roof. This is an ideal property to add to your investment portfolio.
We can get a tenant placed in the vacant unit for you.
*1 YEAR OF PRE-PAID PROPERTY MANAGEMENT INCLUDED!
Financial Projections
Financing Assumptions
| Loan Amount | $198,126 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.7% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,278 |
Initial Investment
| Down Payment (25%) | $66,042 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,642 |
| Points (2%) | $3,963 |
| Total Out Of Pocket | $72,646 |
Property KPI Without Financing
| Annual Cash Flow | $31,542 |
| All In Cost | $270,772 |
| Cap Rate | 11.65% |
Property KPI With Financing
| Annual Cash Flow | $16,201 |
| Total Out Of Pocket | $72,646 |
| Cash On Cash | 22.3% |
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 | 12.78% | 12.78% | 12.78% | 12.78% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $3,075 | $36,900 | $39,147 | $41,531 | $48,146 |
| Vacancy Rate (2%) | $62 | $738 | $783 | $831 | $963 |
| Gross Rental Income | $3,014 | $36,162 | $38,364 | $40,701 | $47,183 |
| Expenses | |||||
| Estimated Annual Property Taxes | $120 | $1,435 | $1,522 | $1,615 | $1,872 |
| Estimated Annual Homeowners Insurance | $150 | $1,800 | $1,910 | $2,026 | $2,349 |
| Maintenance & Repairs (3%) | $90 | $1,085 | $1,151 | $1,221 | $1,415 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $25 | $300 | $318 | $338 | $391 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $385 | $4,620 | $4,901 | $5,200 | $6,028 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,629 | $31,542 | $33,463 | $35,501 | $41,155 |
| Net Cashflow | $31,542 | $33,463 | $35,501 | $41,155 | |
| Cap Rate | 11.65% | 12.36% | 13.11% | 15.2% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,629 | $31,542 | $33,463 | $35,501 | $41,155 |
| Mortgage | $1,278 | $15,342 | $15,342 | $15,342 | $15,342 |
| Net Cashflow | $16,201 | $18,121 | $20,159 | $25,814 | |
| Cash On Cash | 22.3% | 24.94% | 27.75% | 35.53% | |
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.