Advanced Search
Your search results

Live From The Field

Posted by Powered by Simply Do It on December 16, 2021
0
Purchase Assumptions My Offer Per Door
Offer used for analysis $320,000 $160,000
Suggested offer (low) $320,000 $160,000
Suggested offer (high) $320,000 $160,000
Asking $320,000 $160,000
Market Value (after improvements) $320,000  
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  $335,500 $2,000
Purchase Assumptions My Offer Per Door
Offer used for analysis $320,000 $160,000
Suggested offer (low) $320,000 $160,000
Suggested offer (high) $320,000 $160,000
Asking $320,000 $160,000
Market Value (after improvements) $320,000  
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  $335,500 $2,000
Financial Assumptions Monthly Yearly
Rent (upper) $2,700 $2,800 $33,600
Rent (lower) $2,600 $31,200
 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% $90.0 $1,080
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $990 $11,880
 Total Expenses (Fixed + Mortgage) $2,054 $24,652
Financial Analysis / Deal Attractiveness  
Years: 5 10
 Cap Rate 9.0% 10.2%
 Net Cash Flow $42,926 $96,966
 Equity Increase $94,428 $208,520
 Total Gain $137,354 $305,486
     
 Average Cash Flow/Year $8,585 $9,697
 Average Cash Flow/Month $715 $808
 Average Gain/Year $27,471 $30,549
 Average ROI 143.8% 319.9%
 Annual ROI 28.8% 32.0%
 Projected Property Value $389,329 $473,678
Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 2312 FAVORABLE
 Bedrooms     3 4 FAVORABLE
 Bathrooms   2 4 FAVORABLE
 Year Built     1970 1985 FAVORABLE
 Rent/Price (%)   0.75% 0.88% FAVORABLE
 Average Cash Flow (at year 5) $125 $715 FAVORABLE
 Average ROI (at year 5) 15% 28.8% FAVORABLE

Compare Listings