Executive Summary
Singlefamily: 4 bedrooms , 1 bathroom
Year built: 1961, Size: 1775 SF
Investment strategy: Rental Property
– 3D virtual tour: https://my.matterport.com/show/?m=RRTx9fSZTP8&mls=1
– Photos: https://www.dropbox.com/sh/a1xcqo6wvqd6ukh/AAB_vDKEKhdURNWHGtDDywz1a?dl=0
– Video link: https://www.youtube.com/watch?v=LXq-Covqb3s
– Appraisal link: https://drive.google.com/file/d/1nwC_7uG1-N7-coiJnuZPSFTSz9RtyrwV/view?usp=sharing
Off Market Properties
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Purchase Price
$ 135,000
Rent
$ 1,450/mo
Monthly Cash Flow
$ 146
Cash on Cash Return
79.58 %
Financial Analysis
| Cash on Cash Return | 79.58 % |
| Internal Rate of Return (IRR) | 148.44 % |
| Capitalization Rate | 6.22 % |
| Gross Rent Multiplier (GRM) | 12.18 |
| Debt-coverage Ratio (DCR) | 1.15 |
| Operating Expense Ratio (OER) | 21.85 % |
| After Repair Value | $ 212,000 |
| Profit/Equity From Rehab | $ 50,800 |
Operating Analysis
| Rent | $ 1,450/mo |
| Gross Operating Income (GOI) | $ 16,878 |
| Total Expenses | $ 3,688 |
| Net Operating Income (NOI) | $ 13,190 |
| Annual Debt Service | $ 11,439 |
| Cash Flow Before Taxes (CFBT) | $ 1,751 |
| Income Tax Liability | $ -56 |
| Cash Flow After Taxes (CFAT) | $ 1,807 |
Financial Breakdown
| Purchase Price | $ 135,000 |
| Purchase Costs | $ 1,200 |
| Repair/Construction Costs | $ 25,000 |
| Total Capital Needed | $ 161,200 |
| Financing | $ 159,000 |
| Total Cash Needed | $ 2,200 |
| Cash at Closing | $ 0 |
| Cash During Rehab | $ 2,200 |
Property Description
| Purchase Price | $ 135,000 |
| Address |
3723 Temple St, Tampa, FL 33619 |
| Year Built | 1961 |
| Type | Singlefamily |
| Size | 1775 SF |
| Bedrooms | 4 |
| Bathrooms | 1 |
Financial Analysis
Financial Measures
| Net Present Value | $ 72,103 |
| Internal Rate of Return | 148.44 % |
| Profitability Index | 33.77 |
| Annual Depreciation | $ 3,927 |
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
| Cash on Cash Return | 79.58 % |
| Return on Investment | 263.67 % |
| Capitalization Rate | 6.22 % |
| Gross Rental Yield | 12.89 % |
| Gross Rent Multiplier | 12.18 |
Photos