Big Price Drop (yesterday) – 4 bedroom / 2.5 bath home
According to remarks, there was a building inspection report and recommended repairs were completed
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| Financial Analysis / Deal Attractiveness |
| Years: |
5 |
10 |
| Cap Rate |
7.1% |
8.1% |
| Net Cash Flow |
$28,127 |
$64,685 |
| Equity Increase |
$78,198 |
$172,680 |
| Total Gain |
$106,325 |
$237,366 |
| |
|
|
| Average Cash Flow/Year |
$5,625 |
$6,469 |
| Average Cash Flow/Month |
$469 |
$539 |
| Average Gain/Year |
$21,265 |
$23,737 |
| Average ROI |
133.3% |
297.6% |
| Annual ROI |
26.7% |
29.8% |
| Projected Property Value |
$322,413 |
$392,265 |
| Property Specifications |
|
| Bedrooms |
4 |
| Bathrooms |
3 |
| Square Feet |
1888 |
| Year Built |
1978 |
| Garage Size |
2 |
| Schools Rating (on scale of 0-10) |
B- |
| Suggested offer (options) |
$265,000 |
| Market Value (after improvements) |
$265,000 |
| Improvements (lower) |
$6,500 |
| Improvements (upper) |
$8,500 |
| Closing Costs |
$3,000 |
| Mortgage Costs |
$3,000 |
| Financing Assumptions |
|
| Down Payment (%) |
25% |
| Down Payment Amount |
$66,250 |
| Financed Amount |
$198,750 |
| Interest Rate |
3.40% |
| Mortgage Term (Years) |
30 |
| Monthly Mortgage Payment |
$881 |
| Cash Outlay (Total Out of Pocket) |
$79,750 |
| Financial Assumptions |
Monthly |
Yearly |
| Rent (upper) |
$2,100 |
$2,175 |
$26,100 |
| Rent (lower) |
$2,025 |
$24,300 |
| Property Tax Rate (Approx.) |
1.42% |
|
| Property Taxes |
$314 |
$3,763 |
| Insurance |
$95 |
$1,140 |
| Repairs |
$85 |
$1,020 |
| Variable-Cost PM |
7.5% |
|
| Property Management Fee |
$158 |
$1,890 |
| Leasing Fee |
75% |
$65.6 |
$788 |
| HOA |
$8 |
$100 |
| Vacancy Rate |
4.0% |
|
| Total Fixed Expenses |
$803 |
$9,633 |
| Total Expenses (Fixed + Mortgage) |
$1,684 |
$20,210 |
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