Executive Summary
Singlefamily: 6 bedrooms , 2 bathrooms
Year built: 1925,
Investment strategy: Rental Property
912 SUWANNEE AVE N, LAKELAND, FL 33815 – 3 BED 1 BATH
902 SUWANNEE AVE N, LAKELAND, FL 33815 – 3 BED 1 BATH
908 SUWANNEE AVE N, LAKELAND, FL 33815 – VACANT LOT
Off Market Properties
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Purchase Price $ 145,000
Rent $ 2,400/mo
Monthly Cash Flow $ 1,870
Cash on Cash Return 10.59 %
Financial Analysis
| Cash on Cash Return | 10.59 % |
| Internal Rate of Return (IRR) | 4.05 % |
| Capitalization Rate | 15.48 % |
| Gross Rent Multiplier (GRM) | 5.03 |
| Debt-coverage Ratio (DCR) | 0.00 |
| Operating Expense Ratio (OER) | 19.66 % |
Operating Analysis
| Rent | $ 2,400/mo |
| Gross Operating Income (GOI) | $ 27,936 |
| Total Expenses | $ 5,494 |
| Net Operating Income (NOI) | $ 22,442 |
| Annual Debt Service | $ 0 |
| Cash Flow Before Taxes (CFBT) | $ 22,442 |
| Income Tax Liability | $ 4,556 |
| Cash Flow After Taxes (CFAT) | $ 1,786 |
Financial Breakdown
| Purchase Price | $ 145,000 |
| Purchase Costs | $ 2,000 |
| Repair/Construction Costs | $ 65,000 |
| Total Capital Needed | $ 212,000 |
| Financing | $ 0 |
| Total Cash Needed | $ 212,000 |
| Cash at Closing | $ 0 |
| Cash During Rehab | $ 212,000 |
Property Description
| Purchase Price | $ 145,000 |
| Address | 902 N Suwannee Ave, Lakeland, FL 33815 |
| Year Built | 1925 |
| Type | Singlefamily |
| Bedrooms | 6 |
| Bathrooms | 2 |
Operating Analysis
Annual Property Operating Data
| Incomes | % of GOI | |
|---|---|---|
| Gross Scheduled Income | $ 28,800 | |
| Total Gross Income | $ 28,800 | |
| Vacancy loss | $ 864 | |
| Gross Operating Income | $ 27,936 | 100.00 % |
| Expenses | ||
| Property manager | $ 2,794 | 10.00 % |
| Insurance | $ 1,500 | 5.37 % |
| Property tax | $ 1,200 | 4.30 % |
| Total Expenses | $ 5,494 | 19.66 % |
| Net Operating Income | $ 22,442 | 80.34 % |
Cash Flow (Year 1)
| Net Operating Income | $ 22,442 | 80.34 % |
| Annual Debt Service | $ 0 | 0.00 % |
| Cash Flow Before Taxes (CFBT) | $ 22,442 | 80.34 % |
| Income Tax Liability | $ 4,556 | 16.31 |
| Cash Flow After Taxes (CFAT) | $ 17,886 | 64.03 % |
Operating Ratios
| Operating Expense Ratio | 19.66 % |
| Break-Even Ratio | 19.66 % |
Financial Analysis
Financial Measures
| Net Present Value | $ -7,930 |
| Internal Rate of Return | 4.05 % |
| Profitability Index | 0.96 |
| Annual Depreciation | $ 4,218 |
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 | 10.59 % |
| Return on Investment | 12.64 % |
| Capitalization Rate | 15.48 % |
| Gross Rental Yield | 19.86 % |
| Gross Rent Multiplier | 5.03 |
Photos