Columbia, SC | SFR Portfolio

  • Professionally managed and renovated
  • Avg. Vintage 1980 & Avg. Size: 1,700+ SF
  • 89% occupancy

List Price
$174,000
or
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Min Purchase
2 of 1
Avg Price
$174,000
Avg Sqft
1,682
Avg Year Built
1988
Financial Highlight
Rent
Monthly Average
$1,441
Monthly Total
$1,441
Occupancy
100.0%
Levered IRR
11.4%
Cap Rate
5.4%
Gross Yield
9.9%
Net Income
$9,396
Appreciation
2.2%
$174,000
3bd, 2ba | 1,682sqft | Built in 1988
Current Rent
$1,441
Neighborhood
120 Brent Ford Rd
Columbia, SC 29212
Manage Assumptions
Appreciation
2.2%
Financing
75%
Loan Interest Rate
4.250%
Rent Growth
3.00%
Vacancy Rate
5.00%
Operating Expenses Details
Property Management
8.00%
Leasing Fees
2.50%
Property Taxes
2.15%
Insurance
0.04%
Repairs & Maintenance
9.13%
Capital Expenditures
$200
Financial Pro Forma
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5
REVENUE
Gross Rent $17,286 $17,805 $18,339 $18,889 $19,456
Economic Vacancy Factor -$864 -$890 -$917 -$944 -$973
Net Revenue $16,422 $16,914 $17,422 $17,944 $18,483
EXPENSES
Property Management -$1,314 -$1,353 -$1,394 -$1,436 -$1,479
Leasing Fees -$411 -$423 -$436 -$449 -$462
HOA Fees $0 $0 $0 $0 $0
Property Taxes -$3,735 -$3,818 -$3,903 -$3,990 -$4,079
Insurance -$66 -$68 -$70 -$72 -$74
Repairs & Maintenance -$1,500 -$1,545 -$1,591 -$1,639 -$1,688
Operating Expenses -$7,025 -$7,207 -$7,394 -$7,585 -$7,782
TOTAL OPERATING CASH FLOW
Net Operating Income $9,396 $9,707 $10,028 $10,359 $10,701
Net Operating Income Margin 57.2% 57.4% 57.6% 57.7% 57.9%
CAPITAL EXPENDITURES RESERVE -$200 -$206 -$212 -$219 -$225
PROPERTY PURCHASE AND SALE
Purchase / Sale Price -$174,000 $198,302
Acquisition Fees / Closing Costs -$3,915
Contingency -$380
Disposition Fees / Closing Costs -$6,799
Net Purchase / Sale Proceeds -$178,295 $191,504
FINANCING
Down Payment -$43,500
Loan Fees -$1,305
Loan Payments $7,704 $7,704 $7,704 $7,704 $7,704
Loan Balance $130,500 $128,300 $126,005 $123,610 $121,111 $118,504
Total Financing / Debt Service Cash Flows -$44,805 -$7,704 -$7,704 -$7,704 -$7,704 -$7,704
RETURN
Unlevered Cash Flow -$178,295 $9,501 $9,816 $10,141 $10,476 $191,504
Levered Cash Flow -$47,795 $1,797 $2,112 $2,437 $2,772 $73,000
Unlevered IRR 6.0%
Levered IRR 11.4%

This Financial Pro Forma is provided to you for informational and general guidance purposes only. It is an estimate of a possible financial return on your real estate purchase and may not be indicative of your actual results. Your actual results may vary and Roofstock makes no guarantee as to the actual results of your purchase of the property. The numbers below are based upon calculations using: (i) the online Property Assumptions under "Manage Assumptions" which you should review and understand prior to investing and (ii) numbers and effects are based upon general financial and economic averages, assumptions and conditions nationwide and in the real estate industry generally. All Property Assumptions initially provided to you on the site are based upon the reasonable assumptions by Roofstock as to the property, its market and general economic conditions and are not guarantees of actual results or numbers.

Financial and real estate market conditions as well as economic drivers such as interest rates, inflation, expenses, and taxation are subject to rapid fluctuations and your results may differ in each geographic market.

This Financial Pro Forma is not to be used as a financial plan or as investment or real estate advice and is not intended as part of a recommendation to purchase any investment property.


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