7 Town-homes
| 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 | ||