621 National Dr Pittsburgh, PA 15235
3bd, 1ba | 925sqft | Built in 1972
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Initial Investment
$106,677
List Price: $105,000
Purchase Price
$105,000
Down Payment
100%
Rent
$1,150

Total Return
$50,822
Annualized Return
9.1%
Cap Rate
7.4%
Gross Yield
13.1%
Cash Flow
$7,163
Appreciation
3.4%
Gross Yield
13.1%
 
Cap Rate
7.4%
 
Cash on Cash
6.7%
 
Ann. Return
9.1%
in 5 years
Initial Investment
$106,677
Purchase Price
$105,000
Down Payment
100%
Loan Interest Rate
4.750%
Closing Costs
1.50%
Est. Immediate Costs
$102
Total Return
$50,822
Appreciation
3.4%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $7,163 $7,576 $8,013 $9,275
Monthly $597 $631 $668 $773
Property Value in 2024
$123,927
Loan Balance
$0
Disposition Fees
-$4,337

Sale Proceeds
$119,590
Year 1 Pro-Forma Assumptions
Rent Growth
3.0%
Income
Rent
$13,800
Vacancy Factor
-$690

Expected Rent
$13,110
Expenses
Property Taxes
-$2,500
Property Management
-$1,049
Leasing Fees
-$328
HOA Fees
-$0
Insurance
-$479
Repairs & Maint. (Reserve)
-$936
Operating Expenses
-$5,292

Net Operating Income
$7,818
Capital Expenditures (Reserve)
-$656

Total Unlevered Cash Flow
$7,163
Mortgage
-$0

Total Net Cash Flow
$7,163
Year 1 Year 5 Year 10
Expected Rent $13,110
$1,093/mo
$14,755
$1,230/mo
$17,106
$1,425/mo
Property Taxes -$2,500
-$2,854
-$3,321
R&M (Reserve) -$936
-$1,054
-$1,222
Other Expenses
Except taxes + R&M
-$1,855
-$2,096
-$2,432
Net Operating Income $7,818
$652/mo
$8,751
$729/mo
$10,130
$844/mo
Cap Ex (Reserve) -$655
-$738
-$855
Total Unlevered CF $7,163
$8,013
$9,275
Loan Payment $0
$0
$0
Total Net Cash Flow $7,163
$597/mo
$8,013
$668/mo
$9,275
$773/mo

Net Cash Flow

Overall Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Expected Rent $13,110 $13,503 $13,908 $14,326 $14,755
Expenses
Net Operating Income $7,818 $8,042 $8,271 $8,508 $8,751
Return
Levered Cash Flow $7,163 $7,366 $7,576 $7,792 $8,013
Property Purchase And Sale
Net Purchase / Sale Proceeds -$106,677 $119,590
Financing
Debt Service Cash Flow -$105,000 $0 $0 $0 $0 $0