Seller paid Interest Rate Buy down!
3bd • 1ba • Built: 1965 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $11,940 | $12,298 | $12,667 | $13,047 | $13,439 | $13,842 | $14,257 | $14,685 | $15,125 | $15,579 |
| Vacancy Losses | ($955) | ($984) | ($1,013) | ($1,044) | ($1,075) | ($1,107) | ($1,141) | ($1,175) | ($1,210) | ($1,246) |
| Operating Income | $10,985 | $11,314 | $11,654 | $12,003 | $12,363 | $12,734 | $13,116 | $13,510 | $13,915 | $14,333 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,049) | ($1,088) | ($1,128) | ($1,170) | ($1,213) | ($1,258) | ($1,305) | ($1,353) | ($1,403) | ($1,455) |
| Insurance | ($682) | ($707) | ($733) | ($760) | ($789) | ($818) | ($848) | ($879) | ($912) | ($946) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($955) | ($991) | ($1,027) | ($1,065) | ($1,105) | ($1,145) | ($1,188) | ($1,232) | ($1,277) | ($1,325) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($2,686) | ($2,785) | ($2,888) | ($2,995) | ($3,106) | ($3,221) | ($3,340) | ($3,464) | ($3,592) | ($3,725) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $8,299 | $8,529 | $8,765 | $9,008 | $9,257 | $9,513 | $9,776 | $10,046 | $10,323 | $10,608 |
| - Mortgage Payments | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) | ($4,925) |
| = Cash Flow | $3,374 | $3,604 | $3,840 | $4,083 | $4,332 | $4,588 | $4,851 | $5,121 | $5,398 | $5,683 |
| + Principal Reduction | $1,214 | $1,273 | $1,335 | $1,400 | $1,468 | $1,539 | $1,614 | $1,692 | $1,774 | $1,860 |
| + Appreciation | $5,245 | $5,507 | $5,783 | $6,072 | $6,375 | $6,694 | $7,029 | $7,380 | $7,749 | $8,137 |
| = Gross Equity Income | $9,833 | $10,384 | $10,958 | $11,554 | $12,175 | $12,821 | $13,494 | $14,193 | $14,921 | $15,680 |
| Capitalization Rate | 7.5% | 7.4% | 7.2% | 7.1% | 6.9% | 6.8% | 6.6% | 6.5% | 6.3% | 6.2% |
| Cash on Cash Return | 10.7% | 11.4% | 12.2% | 12.9% | 13.7% | 14.5% | 15.4% | 16.2% | 17.1% | 18.0% |
| Return on Equity | 30.1% | 26.3% | 23.5% | 21.4% | 19.7% | 18.3% | 17.1% | 16.2% | 15.3% | 14.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $110,145 | $115,652 | $121,435 | $127,507 | $133,882 | $140,576 | $147,605 | $154,985 | $162,734 | $170,871 |
| - Loan Balance | ($77,461) | ($76,188) | ($74,853) | ($73,454) | ($71,986) | ($70,447) | ($68,834) | ($67,142) | ($65,368) | ($63,508) |
| = Equity | $32,684 | $39,464 | $46,582 | $54,053 | $61,896 | $70,129 | $78,771 | $87,843 | $97,366 | $107,363 |
| Loan-to-Value Ratio | 70.3% | 65.9% | 61.6% | 57.6% | 53.8% | 50.1% | 46.6% | 43.3% | 40.2% | 37.2% |
| Potential Cash-Out Refi | $21,670 | $27,899 | $34,438 | $41,302 | $48,508 | $56,071 | $64,011 | $72,345 | $81,093 | $90,276 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $32,684 | $39,464 | $46,582 | $54,053 | $61,896 | $70,129 | $78,771 | $87,843 | $97,366 | $107,363 |
| - Closing Costs | ($7,710) | ($8,096) | ($8,500) | ($8,925) | ($9,372) | ($9,840) | ($10,332) | ($10,849) | ($11,391) | ($11,961) |
| = Proceeds After Sale | $24,974 | $31,369 | $38,081 | $45,128 | $52,524 | $60,289 | $68,439 | $76,994 | $85,975 | $95,402 |
| + Cumulative Cash Flow | $3,374 | $6,978 | $10,818 | $14,901 | $19,234 | $23,822 | $28,673 | $33,794 | $39,193 | $44,875 |
| - Approximate Cash Invested | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) | ($31,601) |
| = Net Profit | ($3,253) | $6,745 | $17,298 | $28,428 | $40,157 | $52,509 | $65,511 | $79,187 | $93,566 | $108,676 |
| Internal Rate of Return | -10.3% | 10.7% | 17.1% | 19.6% | 20.7% | 21.0% | 21.1% | 21.0% | 20.8% | 20.6% |
| Return on Investment | -10.3% | 21.3% | 54.7% | 90.0% | 127.1% | 166.2% | 207.3% | 250.6% | 296.1% | 343.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.