DFW * Duplexes 6/4
Property Specifications |
2 |
Per Door |
 Bedrooms |
6 |
3 |
 Bathrooms |
4 |
2.0 |
 Square Feet |
2312 |
1156 |
 Year Built |
1985 |
 |
 Garage Size |
2 |
1 |
 Schools Rating (on scale of A-F) |
B |
 |
Purchase Assumptions |
My Offer |
Per Door |
Offer used for analysis |
$360,000 |
$180,000 |
Suggested offer (low) |
$360,000 |
$180,000 |
Suggested offer (high) |
$360,000 |
$180,000 |
Asking |
$360,000 |
$180,000 |
Market Value (after improvements) |
$360,000 |
 |
Improvements (lower) |
$6,500 |
$3,250 |
Improvements (upper) |
$8,500 |
$4,250 |
Closing Costs |
$4,000 |
$2,000 |
Mortgage Costs |
$4,000 |
$2,000 |
Other Fees At Closing |
$0 |
$0 |
Total Cost |
$375,500 |
$2,000 |
Financing Assumptions |
 |
 Down Payment (%) |
25% |
 Down Payment Amount |
$90,000 |
 Financed Amount |
$270,000 |
 Interest Rate |
3.40% |
 Mortgage Term (Years) |
30 |
 Monthly Mortgage Payment |
$1,197 |
 Cash Outlay (Total Out of Pocket) |
$105,500 |
Financial Assumptions |
Monthly |
Yearly |
Rent (upper) |
$3,100 |
$3,200 |
$38,400 |
Rent (lower) |
$3,000 |
$36,000 |
 Property Tax Rate (Approx.) |
2.3% |
 |
 Property Taxes |
$300 |
$3,600 |
 Insurance |
$150 |
$1,800 |
 Repairs |
$150 |
$1,800 |
Variable-Cost PM |
Flat Fee |
 |
Property Management Fee |
$200 |
$2,400 |
 Leasing Fee |
80% |
$103.3 |
$1,240 |
 HOA |
$0 |
$0 |
 Vacancy Rate |
4.0% |
 |
 Total Fixed Expenses |
$1,019 |
$12,232 |
 Total Expenses (Fixed + Mortgage) |
$2,217 |
$26,601 |
Financial Analysis / Deal Attractiveness |
 |
Years: |
5 |
10 |
 Cap Rate |
11.0% |
12.3% |
 Net Cash Flow |
$58,091 |
$129,705 |
 Equity Increase |
$106,231 |
$234,585 |
 Total Gain |
$164,322 |
$364,289 |
 |
 |
 |
 Average Cash Flow/Year |
$11,618 |
$12,970 |
 Average Cash Flow/Month |
$968 |
$1,081 |
 Average Gain/Year |
$32,864 |
$36,429 |
 Average ROI |
155.8% |
345.3% |
 Annual ROI |
31.2% |
34.5% |
 Projected Property Value |
$437,995 |
$532,888 |
Property Ratings Suggestions |
 Item |
 |
 |
 Suggested Criteria (Min.) |
This Property |
FAVORABLE / INSUFFICIENT |
 Schools |
 |
 |
B |
B |
FAVORABLE |
 Square Feet |
 |
1000 |
2312 |
FAVORABLE |
 Bedrooms |
 |
 |
3 |
6 |
FAVORABLE |
 Bathrooms |
 |
2 |
4 |
FAVORABLE |
 Year Built |
 |
 |
1970 |
1985 |
FAVORABLE |
 Rent/Price (%) |
 |
0.75% |
0.89% |
FAVORABLE |
 Average Cash Flow (at year 5) |
$125 |
$968 |
FAVORABLE |
 Average ROI (at year 5) |
15% |
31.2% |
FAVORABLE |