Property Report: san francisco 190.000.3 RENTAL

Property Report :

san francisco 190.000.3

1, 1, 1

Created on: Apr 14, 2025

Author: ronald van schaik

1, 1, 1

Multifamily: , 4 bathrooms + 4 kitchens

Year built: 1965,

Investment strategy: Rental Property

Purchase Price$ 190,000
Rent$ 1,900/mo
Monthly Cash Flow$ 539
Cash on Cash Return14.02 %

Financial Analysis

Cash on Cash Return 14.02 %
Internal Rate of Return (IRR) 27.53 %
Capitalization Rate 8.51 %
Gross Rent Multiplier (GRM) 9.87
Debt-coverage Ratio (DCR) 1.51
Operating Expense Ratio (OER) 11.61 %
After Repair Value $ 225,000
Profit/Equity From Rehab $ 26,900

Financial Breakdown

Purchase Price $ 190,000
Purchase Costs $ 8,100
Repair/Construction Costs $ 0
Total Capital Needed
$ 198,100
Financing $ 152,000
Total Cash Needed
$ 46,100
Cash at Closing
$ 38,000
Cash During Rehab
$ 8,100

Operating Analysis

Rent $ 1,900/mo
Gross Operating Income (GOI) $ 21,660
Total Expenses $ 2,515
Net Operating Income (NOI) $ 19,145
Annual Debt Service $ 12,682
Cash Flow Before Taxes (CFBT) $ 6,463
Income Tax Liability $ 148
Cash Flow After Taxes (CFAT) $ 6,315

1

Purchase Price $ 190,000
Address 1 , 1, 1, CR
Year Built 1965
Type Multifamily
Number of Units 4
Bathrooms 4
Kitchens 4
1 1, 1
  • $ 225,000

    Property ARV
  • Multifamily

    Bldg type
  • 4

    Baths

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Property address Distance Beds Baths SqFt Bldg type Date sold Sale price $/SqFt Notes Edit
Average: $ 0 $ 0 /SqFt
Estimated ARV:
$ 0

Comps selected: 0

Annual Property Operating Data

Incomes % of GOI
Gross Scheduled Income
$ 22,800    
Total Gross Income $ 22,800  
Vacancy loss
$ 1,140  
Gross Operating Income
$ 21,660 100.00 %
Expenses
Repairs $ 1,000 4.62 %
Accounting $ 240 1.11 %
Prop_taxes $ 475 2.19 %
Prop_insurance $ 800 3.69 %
Total Expenses $ 2,515 11.61 %
Net Operating Income
$ 19,145 88.39 %

Cash Flow (Year 1)

Net Operating Income $ 19,145 88.39 %
Annual Debt Service $ 12,682 58.55 %
Cash Flow Before Taxes (CFBT)
$ 6,463 29.84 %
Income Tax Liability $ 148 0.68 %
Cash Flow After Taxes (CFAT)
$ 6,315 29.15 %

Operating Ratios

Operating Expense Ratio
11.61 %
Break-Even Ratio
70.16 %

Financial Measures

Net Present Value
$ 76,716
Internal Rate of Return
27.53 %
Profitability Index
2.66
Annual Depreciation $ 5,527

Holding period of 10 years and discount rate of 10.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don't provide such an exact information.

Investment Return Ratios

Cash on Cash Return
14.02 %
Return on Investment
22.26 %
Capitalization Rate
8.51 %
Gross Rental Yield
12.00 %
Gross Rent Multiplier
9.87
Financing % of ARV
Down Payment $ 38,000 16.89 %
Loan $ 152,000 67.56 %
Loan to Value Ratio
80.00 %
Loan to Cost Ratio
80.00 %
Debt Coverage Ratio 1.51
Loan

Financing of: Purchase price ($ 190,000)

Type Amortized
Loan Amount $ 152,000
Down payment (20%) $ 38,000
Amortization 40 years
Interest Rate 8.00 %
Monthly Payment $ 1,056.87

This chart shows the process of accumulation of investor's equity. There is some equity created right at the beginning with the rehab/construction and later investor's equity is rising by paying off the principal of the loan and also by appreciation over the years. All the green parts is the cummulative equity belonging to the investor and the red part belongs to the lender.

Year
Operational Analysis
Gross Scheduled Income
Vacancy Loss
Gross Operating Income
Expenses
Net Operating Income
Loan Payment
Payment Interest Part
Payment Principal Part
Cash Flow
Repairs/Construction
Cash Flow Before Taxes
Depreciation 0
Taxes
Cash Flow After Taxes

Note: All amounts in the table above are in $

Resale Price Evaluation Methods

The property is sold after 10 years. Below is the resale price calculated using different methods.

Appreciation (2.00%) $ 274,274
Cap Rate (9.19%) & NOI $ 432,196
Gross Rent Multiplier $ 449,848

Sale Proceeds

Projected Selling Price $ 274,274
Costs of Sale (7.00%) $ 19,199
Net Sale Proceeds Before Tax $ 111,040

In the resale analysis we do not include any calculation for taxes that might be owed on sale of the property. The tax laws for the resale are rather complex and subjected to frequent changes.

Net Assets and Yield

Net Assets
Sale Proceeds Before Tax $ 111,040
Investor Cash Outlay $ 46,100
Net Assets $ 64,940
Average Yield
Annual Net Assets $ 6,494
Average Cash Flow (After Taxes) $ 0
Average Annual Gain (After Taxes) $ 0
Average Annual Yield (After Taxes) 0.00 %

This charts shows Net Present Value (NPV) when property is sold in various years, i.e. when sold in 5th year, the NPV is calculated from 5 years of Cash Flow (including the selling price) and this NPV is displayed in year 5. Optimal holding period can be estimated, using this method - when NPV is the highest. Please note that appreciation growth can change these numbers greatly. It sometimes makes sense to sell the property even before the end of the mortgage term.

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