Property Report :

Grostul

Grostulvegen, Bø, 3808

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Real Estate Analysis

Created on: Apr 14, 2025

Author: endre lekven

Grostulvegen, Bø, 3808

Singlefamily:

Investment strategy: Rental Property

Purchase PriceNOK 2,750,000

RentNOK 60,000/mo

Monthly Cash FlowNOK 16,853

Cash on Cash Return24.51 %

Financial Analysis

Cash on Cash Return	24.51 %
Internal Rate of Return (IRR)	25.09 %
Capitalization Rate	8.85 %
Gross Rent Multiplier (GRM)	4.93
Debt-coverage Ratio (DCR)	2.81
Operating Expense Ratio (OER)	27.27 %
After Repair Value	NOK 3,550,000
Profit/Equity From Rehab	NOK 800,000

Financial Breakdown

Purchase Price	NOK 2,750,000
Purchase Costs	NOK 0
Repair/Construction Costs	NOK 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	NOK 2,750,000
Financing	NOK 1,925,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	NOK 825,000
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	NOK 825,000
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	NOK 0

Operating Analysis

Rent	NOK 60,000/mo
Gross Operating Income (GOI)	NOK 432,000
Total Expenses	NOK 117,800
Net Operating Income (NOI)	NOK 314,200
Annual Debt Service	NOK 111,961
Cash Flow Before Taxes (CFBT)	NOK 202,239
Income Tax Liability	NOK 40,836
Cash Flow After Taxes (CFAT)	NOK 161,403

Purchase Price	NOK 2,750,000
Address	Grostulvegen , Bø, 3808, NO
Type	Singlefamily

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	NOK 720,000
Total Gross Income	NOK 720,000
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	NOK 288,000
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	NOK 432,000	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
Kommisjon	NOK 64,800	15.00 %
Electricity	NOK 24,000	5.56 %
Insurance	NOK 12,000	2.78 %
Repairs	NOK 7,000	1.62 %
Property tax	NOK 10,000	2.31 %
Total Expenses	NOK 117,800	27.27 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	NOK 314,200	72.73 %

Cash Flow (Year 1)

Net Operating Income	NOK 314,200	72.73 %
Annual Debt Service	NOK 111,961	25.92 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	NOK 202,239	46.81 %
Income Tax Liability	NOK 40,836	9.45 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	NOK 161,403	37.36 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	27.27 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	53.19 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
Operational Analysis
Gross Scheduled Income	0	720,000	741,600	763,848	786,763	810,366	834,677	859,718	885,509	912,074	939,437	967,620	996,648	1,026,548	1,057,344	1,089,065	1,121,737	1,155,389	1,190,050	1,225,752	1,262,524
Vacancy Loss	0	288,000	296,640	305,539	314,705	324,147	333,871	343,887	354,204	364,830	375,775	387,048	398,659	410,619	422,938	435,626	448,695	462,155	476,020	490,301	505,010
Gross Operating Income	0	432,000	444,960	458,309	472,058	486,220	500,806	515,831	531,306	547,245	563,662	580,572	597,989	615,929	634,407	653,439	673,042	693,233	714,030	735,451	757,515
Expenses	0	117,800	120,156	122,559	125,010	127,511	130,061	132,662	135,315	138,021	140,782	143,598	146,469	149,399	152,387	155,435	158,543	161,714	164,948	168,247	171,612
Net Operating Income	0	314,200	324,804	335,750	347,048	358,709	370,746	383,169	395,990	409,223	422,880	436,974	451,520	466,530	482,020	498,004	514,499	531,519	549,082	567,204	585,902
1. Loan Payment	0	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961
Payment Interest Part	0	60,855	59,195	57,482	55,713	53,886	52,000	50,053	48,043	45,967	43,824	41,611	39,327	36,968	34,533	32,018	29,422	26,742	23,975	21,117	18,167
Payment Principal Part	0	51,106	52,766	54,479	56,248	58,075	59,961	61,908	63,918	65,994	68,137	70,350	72,634	74,993	77,428	79,942	82,538	85,219	87,986	90,843	93,793
2. Loan Payment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Payment Interest Part	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Payment Principal Part	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Debt Service	0	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961	111,961
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-825,000	202,239	212,843	223,789	235,087	246,748	258,785	271,208	284,029	297,262	310,919	325,013	339,559	354,569	370,059	386,043	402,538	419,558	437,121	455,243	473,941
Depreciation	0	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000	90,000
Taxes	0	40,836	43,902	47,067	50,334	53,706	57,186	60,779	64,487	68,314	72,264	76,341	80,548	84,890	89,372	93,996	98,769	103,694	108,777	114,022	119,434
Cash Flow After Taxes	-825,000	161,403	168,941	176,722	184,753	193,043	201,598	210,429	219,543	228,948	238,655	248,673	259,010	269,679	280,687	292,047	303,769	315,864	328,344	341,221	354,508

Note: All amounts in the table above are in NOK

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