Cost & Income

Purchase Price

$253,897

Renovation Costs

$24,979

Development Fee

$3,500

Total Basis

$282,376

Purchase Date

06/24/22

Date Rented -1337 days

Gross Rent

$1,695/mo

Vacancy (5.00%)

($7)

Property Mgmt (7.50%)

($127)

Other Expenses

($653)

Net Operating Income

$908/mo

Cap Rate

3.86%

Levered Cash Return
Not including any appreciation

Appraised Value

$262,406

Loan (75% LTV)

$196,805

LTC %

70%

Cash In

$85,572

Yield on Cash

1.23%

Net Operating Income

$10,892

Debt Service (P&I)

($12,674)

Cash Flow -2.08%

$-1,782

Principal Paydown 3.31%

$2,834

Total Income

$1,052

Estimated Value

$262,406

Value Over Cost

$-19,970

Initial Capital Gain

-7.07%

---

Interested in investing with us?

Find Out More

Request Information

×

How do you hear about us? Referral Internet Advertisement Other

Organization Type --------- Individual Family Office Fund Insurance Co Other Institution

Name

Company

Email

Phone

Note

Cancel

Send Request

Class A-/B+ in a newer area. House had cosmetic rehab requirements but now needs hardly any maintenance. Probably worth about $215,000 now.