Executive Summary

Singlefamily: 2 bedrooms , 1 bathroom

Year built: 1949, Size: 588 SF

Investment strategy: Rental Property

This quaint 2 bedrooms 1 bath property in Tampa is a great investment, turn-key with tenants in place. Within 10 minutes from the famous Ybor City and 10 minutes north of the Lowry Park Zoo. This property is in a perfect location.

Off Market Properties

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Purchase Price $ 115,000
Rent $ 900/mo
Monthly Cash Flow $ 732
Cash On Cash Return 7.58 %

Financial Analysis

Cash on Cash Return7.58 %
Internal Rate of Return (IRR)8.00 %
Capitalization Rate7.64 %
Gross Rent Multiplier (GRM)10.65
Debt-coverage Ratio (DCR)0.00
Operating Expense Ratio (OER)16.11 %

Financial Breakdown

Purchase Price$ 115,000
Purchase Costs$ 1,000
Repair/Construction Costs$ 0
Total Capital Needed
$ 116,000
Financing$ 0
Total Cash Needed
$ 116,000
Cash at Closing
$ 0
Cash During Rehab
$ 116,000

Operating Analysis

Rent$ 900/mo
Gross Operating Income (GOI)$ 10,476
Total Expenses$ 1,688
Net Operating Income (NOI)$ 8,788
Annual Debt Service$ 0
Cash Flow Before Taxes (CFBT)$ 8,788
Income Tax Liability$ 1,361
Cash Flow After Taxes (CFAT)$ 7,427
 

Property Description

Purchase Price$ 115,000
Address4603 N 18th St , Tampa, 33610, FL
MLS® #T3286261
Listing AgentVanessa Martin
Listing BrokerGRAYSTONE REAL ESTATE
Year Built1949
TypeSinglefamily
Size588 SF
Bedrooms2
Bathrooms1

Financial Analysis

Financial Measures

Net Present Value
$ 15,453
Internal Rate of Return
8.00 %
Profitability Index
1.13
Annual Depreciation$ 3,345

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
7.58 %
Return on Investment
10.55 %
Capitalization Rate
7.64 %
Gross Rental Yield
9.39 %
Gross Rent Multiplier
10.65

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