Financial Returns
Property Information
- Beds: 7
- Baths: 6
- Sq Feet: 2,200
- Year: 1970
- Monthly Rent: $6,716
- Property Taxes: $5,584
- Annual HOA: $0
PADSPLIT CO-LIVING OPPORTUNITY! We are currently renovating this and it should be completed in 6-8 weeks. We are making it 2 en suites upstairs instead of 1 because the bottom right hand corner bedroom is larger. The living room will become an en suite, and the left side of kitchen will become a nice shared bedroom with its own entrance. The basement area will have 2 en suites as well. In total, we will have 5 en suites and 2 shared baths. After adding an additional en suite brings us to around 2,200-2,250 sqft.
Financial Projections
Financing Assumptions
| Loan Amount | $262,500 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,659 |
Initial Investment
| Down Payment (25%) | $87,500 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $3,500 |
| Points (2%) | $5,250 |
| Total Out Of Pocket | $96,250 |
Property KPI Without Financing
| Annual Cash Flow | $46,640 |
| All In Cost | $358,750 |
| Cap Rate | 13% |
Property KPI With Financing
| Annual Cash Flow | $26,730 |
| Total Out Of Pocket | $96,250 |
| Cash On Cash | 27.77% |
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 | 34.24% | 34.24% | 34.24% | 34.24% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $6,716 | $80,592 | $85,500 | $90,707 | $105,154 |
| Vacancy Rate (12%) | $806 | $9,671 | $10,260 | $10,885 | $12,619 |
| Gross Rental Income | $5,910 | $70,921 | $75,240 | $79,822 | $92,536 |
| Expenses | |||||
| Estimated Annual Property Taxes | $465 | $5,584 | $5,924 | $6,285 | $7,286 |
| Estimated Annual Homeowners Insurance | $175 | $2,094 | $2,222 | $2,357 | $2,732 |
| Maintenance & Repairs (6%) | $355 | $4,255 | $4,514 | $4,789 | $5,552 |
| Estimated Annual Prop Mgmt Fee (16%) | $946 | $11,347 | $12,038 | $12,772 | $14,806 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $83 | $1,000 | $1,061 | $1,126 | $1,305 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $2,023 | $24,281 | $25,759 | $27,328 | $31,681 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $3,887 | $46,640 | $49,481 | $52,494 | $60,855 |
| Net Cashflow | $46,640 | $49,481 | $52,494 | $60,855 | |
| Cap Rate | 13% | 13.79% | 14.63% | 16.96% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $3,887 | $46,640 | $49,481 | $52,494 | $60,855 |
| Mortgage | $1,659 | $19,910 | $19,910 | $19,910 | $19,910 |
| Net Cashflow | $26,730 | $29,571 | $32,584 | $40,945 | |
| Cash On Cash | 27.77% | 30.72% | 33.85% | 42.54% | |
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.