Investment Property 1: 10075 City Walk Dr, Woodbury MN 55129

10075 City Walk Dr 204, Woodbury, MN 55129

Condominium: 2 bedrooms , 2 bathrooms

Year built: 2004, Size: 1143 SF

Investment strategy: Rental Property

Purchase Price$ 300,000

Rent$ 2,000/mo

Monthly Cash Flow$ 298

Cash on Cash Return5.95 %

Financial Analysis

Cash on Cash Return	5.95 %
Internal Rate of Return (IRR)	12.80 %
Capitalization Rate	5.77 %
Gross Rent Multiplier (GRM)	12.50
Debt-coverage Ratio (DCR)	1.26
Operating Expense Ratio (OER)	19.81 %

Financial Breakdown

Purchase Price	$ 300,000
Purchase Costs	$ 0
Repair/Construction Costs	$ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 300,000
Financing	$ 240,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 60,000
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.	$ 60,000
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.	$ 0

Operating Analysis

Rent	$ 2,000/mo
Gross Operating Income (GOI)	$ 21,600
Total Expenses	$ 4,280
Net Operating Income (NOI)	$ 17,320
Annual Debt Service	$ 13,750
Cash Flow Before Taxes (CFBT)	$ 3,570
Income Tax Liability	$ -233
Cash Flow After Taxes (CFAT)	$ 3,803

Ideal location. Upper level with open floor plan with two bedrooms and an office/flex room, owner's bath and walk-in closet. Association with community pool. sports court, game room with billiards and theater, community gathering room, exercise room, simulated golf, outdoor patios with grills, walking trails, underground parking with heated garage, elevator to first level.

Purchase Price	$ 300,000
Address	10075 City Walk Dr 204, Woodbury, 55129, MN
Year Built	2004
Type	Condominium
Size	1143 SF
Bedrooms	2
Bathrooms	2

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.	$ 24,000
Total Gross Income	$ 24,000
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.	$ 2,400
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.	$ 21,600	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).
Property manager	$ 2,160	10.00 %
Utilities	$ 120	0.56 %
Property tax	$ 2,000	9.26 %
Total Expenses	$ 4,280	19.81 %
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.	$ 17,320	80.19 %

Cash Flow (Year 1)

Net Operating Income	$ 17,320	80.19 %
Annual Debt Service	$ 13,750	63.66 %
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.	$ 3,570	16.53 %
Income Tax Liability	$ -233	-1.08 %
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.	$ 3,803	17.61 %

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).	19.81 %
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.	83.47 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
Operational Analysis
Gross Scheduled Income	0	24,000	24,480	24,970	25,469	25,978	26,498	27,028	27,568	28,120	28,682	29,256	29,841	30,438	31,047	31,668	32,301	32,947	33,606	34,278	34,963	35,663	36,376	37,104	37,846	38,603	39,375	40,162	40,965	41,785	42,620
Vacancy Loss	0	2,400	2,448	2,497	2,547	2,598	2,650	2,703	2,757	2,812	2,868	2,926	2,984	3,044	3,105	3,167	3,230	3,295	3,361	3,428	3,496	3,566	3,638	3,710	3,785	3,860	3,937	4,016	4,097	4,178	4,262
Gross Operating Income	0	21,600	22,032	22,473	22,922	23,381	23,848	24,325	24,812	25,308	25,814	26,330	26,857	27,394	27,942	28,501	29,071	29,652	30,245	30,850	31,467	32,096	32,738	33,393	34,061	34,742	35,437	36,146	36,869	37,606	38,358
Expenses	0	4,280	4,366	4,453	4,542	4,633	4,725	4,820	4,916	5,015	5,115	5,217	5,322	5,428	5,537	5,647	5,760	5,876	5,993	6,113	6,235	6,360	6,487	6,617	6,749	6,884	7,022	7,162	7,305	7,452	7,601
Net Operating Income	0	17,320	17,666	18,020	18,380	18,748	19,123	19,505	19,895	20,293	20,699	21,113	21,535	21,966	22,405	22,853	23,310	23,777	24,252	24,737	25,232	25,737	26,251	26,776	27,312	27,858	28,415	28,984	29,563	30,155	30,758
Loan Payment	0	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750	13,750
Payment Interest Part	0	9,523	9,351	9,172	8,985	8,791	8,589	8,379	8,160	7,932	7,695	7,449	7,192	6,925	6,647	6,357	6,056	5,743	5,416	5,077	4,724	4,356	3,973	3,575	3,160	2,729	2,280	1,813	1,326	820	293
Payment Principal Part	0	4,226	4,399	4,578	4,764	4,959	5,161	5,371	5,590	5,817	6,054	6,301	6,558	6,825	7,103	7,392	7,693	8,007	8,333	8,673	9,026	9,394	9,776	10,175	10,589	11,021	11,470	11,937	12,423	12,929	13,456
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	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-60,000	3,570	3,917	4,270	4,631	4,998	5,373	5,756	6,146	6,544	6,949	7,363	7,786	8,216	8,656	9,104	9,561	10,027	10,503	10,988	11,482	11,987	12,502	13,027	13,562	14,109	14,666	15,234	15,814	16,405	17,008
Depreciation	0	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727
Taxes	0	-233	-103	30	167	307	452	600	752	908	1,069	1,234	1,404	1,579	1,758	1,942	2,132	2,327	2,527	2,733	2,945	3,163	3,388	3,619	3,856	4,101	4,352	4,611	4,878	5,152	5,434
Cash Flow After Taxes	-60,000	3,803	4,020	4,240	4,464	4,691	4,921	5,156	5,394	5,635	5,880	6,129	6,382	6,638	6,898	7,162	7,429	7,700	7,975	8,254	8,537	8,824	9,114	9,408	9,706	10,008	10,314	10,623	10,936	11,253	11,574

Note: All amounts in the table above are in $

Property Report :

Investment Property 1

10075 City Walk Dr 204, Woodbury, MN 55129

Executive Summary

10075 City Walk Dr 204, Woodbury, MN 55129

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast

Property Report: Investment Property 1 RENTAL

Property Report :

Investment Property 1

10075 City Walk Dr 204, Woodbury, MN 55129

Executive Summary

10075 City Walk Dr 204, Woodbury, MN 55129

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast