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

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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
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Operating Analysis

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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

 

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Financial Breakdown

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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

 

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Property Description

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Purchase Price $ 135,000
Address

3723 Temple St, Tampa, FL 33619
Year Built 1961
Type Singlefamily
Size 1775 SF
Bedrooms 4
Bathrooms 1

 

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Financial Analysis

Financial Measures

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Net Present Value $ 72,103
Internal Rate of Return 148.44 %
Profitability Index 33.77
Annual Depreciation $ 3,927
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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 79.58 %
Return on Investment 263.67 %
Capitalization Rate 6.22 %
Gross Rental Yield 12.89 %
Gross Rent Multiplier 12.18
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Photos