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 Return65.04 %
Internal Rate of Return (IRR)45.41 %
Capitalization Rate8.56 %
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

Purchase Price$ 99,000
Address

6303 Tennessee Ave, New Port Richey, FL 34653

Year Built1936
TypeSinglefamily
Size905 SF
Bedrooms3
Bathrooms1

Annual Property Operating Data

Incomes% of GOI
Gross Scheduled Income$ 15,600 
Total Gross Income$ 15,600 
Vacancy loss$ 468 
Gross Operating Income$ 15,132100.00 %
Expenses
Property manager$ 1,51310.00 %
Insurance$ 1,5009.91 %
Property tax$ 9866.52 %
Total Expenses$ 3,99926.43 %
Net Operating Income$ 11,13373.57 %

Cash Flow (Year 1)

Net Operating Income$ 11,13373.57 %
Annual Debt Service$ 5,60437.03 %
Cash Flow Before Taxes (CFBT)$ 5,52936.54 %
Income Tax Liability$ 1,1617.67 
Cash Flow After Taxes (CFAT)$ 4,36828.86 %

Operating Ratios

Operating Expense Ratio26.43 %
Break-Even Ratio63.46 %

Financial Measures

Net Present Value$ 11,661
Internal Rate of Return45.41 %
Profitability Index2.37
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 Return65.04 %
Return on Investment99.98 %
Capitalization Rate8.56 %
Gross Rental Yield15.76 %
Gross Rent Multiplier8.33