Executive Summary

Singlefamily: 3 bedrooms , 1 bathroom

Year built: 1936, Size: 905 SF

Investment strategy: Rental Property

Off Market Properties

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Purchase Price $ 99,000
Rent $ 1,300/mo
Monthly Cash Flow $ 461
Cash on Cash Return 65.04 %

Financial Analysis

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Cash on Cash Return 65.04 %
Internal Rate of Return (IRR) 45.41 %
Capitalization Rate 8.56 %
Gross Rent Multiplier (GRM) 8.33
Debt-coverage Ratio (DCR) 1.99
Operating Expense Ratio (OER) 26.43 %
After Repair Value $ 130,000
Profit/Equity From Rehab $ 17,500
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Operating Analysis

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Rent $ 1,300/mo
Gross Operating Income (GOI) $ 15,132
Total Expenses $ 3,999
Net Operating Income (NOI) $ 11,133
Annual Debt Service $ 5,604
Cash Flow Before Taxes (CFBT) $ 5,529
Income Tax Liability $ 1,161
Cash Flow After Taxes (CFAT) $ 4,368

 

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Financial Breakdown

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Purchase Price $ 99,000
Purchase Costs $ 1,500
Repair/Construction Costs $ 12,000
Total Capital Needed $ 112,500
Financing $ 104,000
Total Cash Needed $ 8,500
Cash at Closing $ 0
Cash During Rehab $ 8,500
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Property Description

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Purchase Price $ 99,000
Address

6303 Tennessee Ave, New Port Richey, FL 34653
Year Built 1936
Type Singlefamily
Size 905 SF
Bedrooms 3
Bathrooms 1
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Operating Analysis

Annual Property Operating Data

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Incomes % of GOI
Gross Scheduled Income $ 15,600  
Total Gross Income $ 15,600  
Vacancy loss $ 468  
Gross Operating Income $ 15,132 100.00 %
Expenses
Property manager $ 1,513 10.00 %
Insurance $ 1,500 9.91 %
Property tax $ 986 6.52 %
Total Expenses $ 3,999 26.43 %
Net Operating Income $ 11,133 73.57 %
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Cash Flow (Year 1)

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Net Operating Income $ 11,133 73.57 %
Annual Debt Service $ 5,604 37.03 %
Cash Flow Before Taxes (CFBT) $ 5,529 36.54 %
Income Tax Liability $ 1,161 7.67 
Cash Flow After Taxes (CFAT) $ 4,368 28.86 %
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Operating Ratios

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Operating Expense Ratio 26.43 %
Break-Even Ratio 63.46 %
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Financial Analysis

Financial Measures

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Net Present Value $ 11,661
Internal Rate of Return 45.41 %
Profitability Index 2.37
Annual Depreciation $ 2,880
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Holding period of 5 years and discount rate of 5.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don’t provide such an exact information.

Investment Return Ratios

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Cash on Cash Return 65.04 %
Return on Investment 99.98 %
Capitalization Rate 8.56 %
Gross Rental Yield 15.76 %
Gross Rent Multiplier 8.33
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