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
| 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 |
Operating Analysis
| 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 |
Financial Breakdown
| 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 |
Property Description
| 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 |
Operating Analysis
Annual Property Operating Data
| 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 % |
Cash Flow (Year 1)
| 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 % |
Operating Ratios
| Operating Expense Ratio | 26.43 % |
| Break-Even Ratio | 63.46 % |
Financial Analysis
Financial Measures
| Net Present Value | $ 11,661 |
| Internal Rate of Return | 45.41 % |
| Profitability Index | 2.37 |
| Annual Depreciation | $ 2,880 |
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 | 65.04 % |
| Return on Investment | 99.98 % |
| Capitalization Rate | 8.56 % |
| Gross Rental Yield | 15.76 % |
| Gross Rent Multiplier | 8.33 |
Photos