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DFW * Duplexes 6/4

Posted by Powered by Simply Do It on December 16, 2021
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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
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