An inspection contingency may be requested on this property and Roofstock will schedule it once the contract is signed. Please see the diligence vault for any prior inspection report.
More details
Property Valuation: $116,000 - $130,500
Estimated Market Rent: $975
Title: Clearance at Closing
Lease Started
06/01/2016
Lease Ends
05/31/2018
Rent Status
Late
Lot Size
15,191
HOA
None
Flood Risk
Not Required
Flood insurance policy is not required.
For additional information click here.
This is the estimated amount of capital needed to purchase the property. This amount includes: your down payment, loan & acquisition fees, closing costs and immediate repair costs.
Rent currently being paid for this property.
To view Market Rent based on third party rent forecasts for this
property, select Market Rent from the menu at the top.
$0.59/sqft
$981
Appreciation
Annual appreciation percentage is adjusted based on the selection in Financial Details section.
Capitalization rate is the percentage return calculated by dividing net operating cash flow in Year 1 by the property purchase price. Your net operating cash flow excludes your loan costs.
First year net cash flow received after all operating expenses, capital expenditures, property taxes and debt payments. Assuming 5% vacancy and debt payments based on the lending assumptions selected.
$1,527
Est. Total Cash Return
Is the sum of your estimated (i) annual net operating cash flows over 5 years plus (ii) property net sale proceeds minus your initial investment and outstanding loan balance.
in 5 Years
$27,823
IRR
A measure of annualized net return on an equity investment. Equals the discount rate at which the sum of the present value of all cash flows is zero. Calculation is based on actual and budgeted values.
in 5 Years
16.6%
Calculation will trigger automatically when price entered is greater than 50% of the list price.
List
Price:
$98,000
Price
Adjust the proposed purchase price to see impact on the financial metrics.
$98,000
98000
$
Down Payment
Portion of the property price at the time of purchase when using leverage, or full purchase price when buy all cash.
25%
25
%
Loan Interest Rate
The loan interest rate of 4.750% is based on 75% or lower loan to home value for a 30 year loan.
4.750%
4.75
%
View Financial Details
Estimated Total Gain
Is the cumulative sum of your estimated (i) annual net operating cash flows, (ii) property appreciation,
and (iii) equity balance increase (excluding your initial investment) at a point in time. Unlike the
Estimated Total Cash Return, Total Gain does not assume asset disposition and is only representative of
potential gain during the holding period.
Initial Year
Year 1
Year 2
Year 3
Year 4
Year 5
RETURN
Unlevered Cash Flow
-$99,470
$6,128
$6,297
$6,470
$6,648
$119,487
Levered Cash Flow
-$26,950
$1,527
$1,696
$1,869
$2,047
$47,635
REVENUE
Gross Rent
$11,772
$12,125
$12,489
$12,864
$13,249
Economic Vacancy Factor
-$589
-$606
-$624
-$643
-$662
Expected Rent
$11,183
$11,519
$11,864
$12,220
$12,587
EXPENSES
Property Management
-$895
-$922
-$949
-$978
-$1,007
Leasing Fees
-$294
-$303
-$312
-$322
-$331
HOA Fees
$0
$0
$0
$0
$0
Property Taxes
-$1,515
-$1,569
-$1,625
-$1,683
-$1,743
Insurance
-$1,120
-$1,160
-$1,202
-$1,244
-$1,289
Repairs & Maintenance
-$672
-$693
-$713
-$735
-$757
Operating Expenses
-$4,497
-$4,646
-$4,801
-$4,961
-$5,126
NET OPERATING INCOME
$6,687
$6,872
$7,063
$7,259
$7,461
Capital Expenditures
-$559
-$576
-$593
-$611
-$629
TOTAL EXPENSES
-$5,056
-$5,222
-$5,394
-$5,572
-$5,756
UNLEVERED CASH FLOW
$6,128
$6,297
$6,470
$6,648
$6,831
PROPERTY PURCHASE AND SALE
Purchase / Sale Price
-$98,000
$116,741
Acquisition Fees / Closing Costs
-$1,470
Immediate Repair Costs
$0
Disposition Fees / Closing Costs
-$4,086
Net Purchase / Sale Proceeds
-$99,470
$112,655
FINANCING
Down Payment
-$24,500
Loan Fees
-$980
Loan Payments
-$4,601
-$4,601
-$4,601
-$4,601
-$4,601
Loan Balance
$73,500
$72,366
$71,177
$69,930
$68,622
$67,251
Total Financing / Debt Service Cash Flows
-$25,480
-$4,601
-$4,601
-$4,601
-$4,601
-$4,601
RETURN
Unlevered Cash Flow
-$99,470
$6,128
$6,297
$6,470
$6,648
$119,487
Levered Cash Flow
-$26,950
$1,527
$1,696
$1,869
$2,047
$47,635
Initial Year
Year 1
Year 2
Year 3
Year 4
Year 5
ASSUMPTIONS
Purchase Price
$98,000
Down Payment
25.0%
Interest Rate
4.750%
Loan Term (yr)
30
Rent
$981
Rent Growth
-
3.0%
3.0%
3.0%
3.0%
3.0%
Home Price Appreciation
3.6%
3.6%
3.6%
3.6%
3.6%
Vacancy Rate
-
5.0%
5.0%
5.0%
5.0%
5.0%
Property Management Fee
8.0%
Leasing Commissions
2.6%
Insurance Cost (rel to expected rent)
10.0%
Property Tax
13.5%
R&M
6.0%
CapEx
5.0%
Acquisition Costs
1.5%
Initial Capital Costs
0.0%
Disposition Costs
3.5%
Loan Fees
1.0%
This Financial Pro Forma is provided to you for general guidance purposes only. It is an estimate of possible
financial return on your real estate investment and may not be indicative of your actual financial results.
The numbers are based upon calculations using (i) the numbers you input by adjusting your online Property
Assumptions sliders. (ii) numbers you share with Roofstock Advisors and (iii) numbers based upon general
financial and economic averages, assumptions and conditions in the real estate industry.
Financial and real estate market conditions as well as economic drivers such as interest rates, inflation
and taxation are subject to rapid fluctuations and financial returns will differ in each local geographic
market.
This Financial Pro Forma is not to be used as a financial plan and not intended as part of a solicitation to
purchase specific investment properties.
Assumptions
Purchase Price
$98,000
Down Payment
25.0%
Interest Rate
4.8%
Loan Term Year
30
Rent
$981
Rent Growth (Yr)
3.0%
Home Price Appreciation
3.6%
Operating Expenses Override
-
Vacancy Rate
5.0%
Property Management Fee
8.0%
Leasing Commissions
2.6%
Insurance Cost (Related To Property Value)
10.0%
Property Tax
13.5%
R & M
6.0%
CapEx
5.0%
Acquisition Costs
1.5%
Disposition Costs
3.5%
Initial Capital Costs
0.0%
Loan Fees
1.0%
How it works
Check out a step-by-step overview of our investment process. Learn more