3705 Carroway St Tampa, FL 33619
4bd, 2ba | 1,266sqft | Built in 1995
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Initial Investment
$162,299
List Price: $159,900
Purchase Price
$159,900
Down Payment
100%
Rent
$1,600

Market rent may range from $1,520 to $1,680


Total Return
$81,486
Annualized Return
9.4%
Cap Rate
6.6%
Gross Yield
12.0%
Cash Flow
$9,833
Appreciation
4.5%
Gross Yield
12.0%
 
Cap Rate
6.6%
 
Cash on Cash
6.1%
 
Ann. Return
9.4%
in 5 years
Initial Investment
$162,299
Purchase Price
$159,900
Down Payment
100%
Loan Interest Rate
4.750%
Closing Costs
1.50%
Est. Immediate Costs
$0
Total Return
$81,486
Appreciation
4.5%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $9,833 $10,286 $10,754 $12,372
Monthly $819 $857 $896 $1,031
Property Value in 2024
$199,311
Loan Balance
$0
Disposition Fees
-$6,976

Sale Proceeds
$192,335
Year 1 Pro-Forma Assumptions
Rent Growth
3.0%
Income
Rent
$19,200
Vacancy Factor
-$960

Expected Rent
$18,240
Expenses
Property Taxes
-$2,800
Property Management
-$1,459
Leasing Fees
-$456
HOA Fees
-$0
Insurance
-$1,866
Repairs & Maint. (Reserve)
-$1,096
Operating Expenses
-$7,677

Net Operating Income
$10,563
Capital Expenditures (Reserve)
-$730

Total Unlevered Cash Flow
$9,833
Mortgage
-$0

Total Net Cash Flow
$9,833
Year 1 Year 5 Year 10
Expected Rent $18,240
$1,520/mo
$20,529
$1,711/mo
$23,799
$1,983/mo
Property Taxes -$2,800
-$3,340
-$3,928
R&M (Reserve) -$1,096
-$1,233
-$1,430
Other Expenses
Except taxes + R&M
-$3,781
-$4,382
-$5,117
Net Operating Income $10,563
$880/mo
$11,575
$965/mo
$13,324
$1,110/mo
Cap Ex (Reserve) -$730
-$821
-$952
Total Unlevered CF $9,833
$10,754
$12,372
Loan Payment $0
$0
$0
Total Net Cash Flow $9,833
$819/mo
$10,754
$896/mo
$12,372
$1,031/mo

Net Cash Flow

Overall Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Expected Rent $18,240 $18,787 $19,351 $19,931 $20,529
Expenses
Net Operating Income $10,563 $10,809 $11,060 $11,315 $11,575
Return
Levered Cash Flow $9,833 $10,058 $10,286 $10,518 $10,754
Property Purchase And Sale
Net Purchase / Sale Proceeds -$162,298 $192,335
Financing
Debt Service Cash Flow -$159,900 $0 $0 $0 $0 $0