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7 Town-homes

Posted by Powered by Simply Do It on December 30, 2021
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Property Specifications 1
 Bedrooms 4
 Bathrooms 3
 Square Feet 1873
 Year Built 2013
 Garage Size 2
 Schools Rating (on scale of A-F) B
Purchase Assumptions My Offer
Offer used for analysis $310,000
Suggested offer (low) $300,000
Suggested offer (high) $310,000
Asking $336,000
Market Value (after improvements) $330,000
Improvements (lower) $3,500
Improvements (upper) $6,500
Closing Costs $3,100
Mortgage Costs $3,100
Other Fees At Closing $0
Total Cost  $321,200
Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $77,500
 Financed Amount $232,500
 Interest Rate 3.50%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,044
 Cash Outlay (Total Out of Pocket) $88,700
Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,300 $27,600
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 2.2%  
 Property Taxes $416.67 $5,000
 Insurance $115 $1,380
 Repairs $65 $780
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $73.3 $880
 HOA $17 $204
 Vacancy Rate 4.0%  
 Total Fixed Expenses $871 $10,452
 Total Expenses (Fixed + Mortgage) $1,915 $22,980
Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.6% 5.6% 6.6% 7.7%
 Net Cash Flow $20,352 $49,343 $87,870 $136,928
 Equity Increase $95,450 $210,963 $350,770 $519,992
 Total Gain $115,802 $260,306 $438,640 $656,919
           
 Average Cash Flow/Year $4,070 $4,934 $5,858 $6,846
 Average Cash Flow/Month $339 $411 $488 $571
 Average Gain/Year $23,160 $26,031 $29,243 $32,846
 Average ROI 130.6% 293.5% 494.5% 740.6%
 Annual ROI 26.1% 29.3% 33.0% 37.0%
 Projected Property Value $401,495 $488,481 $594,311 $723,071
Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1873 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms     2 3 FAVORABLE
 Year Built     1970 2013 FAVORABLE
 Rent/Price (%)   0.70% 0.74% FAVORABLE
 Average Cash Flow (at year 5) $125 $339 FAVORABLE
 Average ROI (at year 5) 15% 26.1% FAVORABLE

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