Property Report :

15 ROUTE DE BORDEAUX, LANGON, 33210

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Real Estate Analysis

Created on: Apr 15, 2025

Author: bruno baudelet

15 ROUTE DE BORDEAUX, LANGON, 33210

Singlefamily: 4 rooms: 3 bedrooms , 1 bathroom

Size: 100 SM

Investment strategy: Rental Property

bien destiné à la LCD

Purchase Price€ 48,000

Rent€ 730/mo

Monthly Cash Flow€ 204

Cash on Cash ReturnInfinite

Financial Analysis

Cash on Cash Return	Infinite
Internal Rate of Return (IRR)	N/A
Capitalization Rate	8.75 %
Gross Rent Multiplier (GRM)	9.13
Debt-coverage Ratio (DCR)	1.54
Operating Expense Ratio (OER)	19.26 %
After Repair Value	€ 80,000
Profit/Equity From Rehab	€ 5,500

Financial Breakdown

Purchase Price	€ 48,000
Purchase Costs	€ 10,500
Repair/Construction Costs	€ 16,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	€ 74,500
Financing	€ 75,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	€ -500
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.	€ 0
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.	€ -500

Operating Analysis

Rent	€ 730/mo
Gross Operating Income (GOI)	€ 8,672
Total Expenses	€ 1,670
Net Operating Income (NOI)	€ 7,002
Annual Debt Service	€ 4,553
Cash Flow Before Taxes (CFBT)	€ 2,449
Income Tax Liability	€ 1,034
Cash Flow After Taxes (CFAT)	€ 1,416

Purchase Price	€ 48,000
Address	15 ROUTE DE BORDEAUX , LANGON, 33210
Type	Singlefamily
Size	100 SM
Bedrooms	3
Bathrooms	1
Rooms Total	4

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.	€ 8,760
Total Gross Income	€ 8,760
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.	€ 88
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.	€ 8,672	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	€ 260	3.00 %
Insurance	€ 200	2.31 %
Repairs	€ 500	5.77 %
Property tax	€ 710	8.19 %
Total Expenses	€ 1,670	19.26 %
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.	€ 7,002	80.74 %

Cash Flow (Year 1)

Net Operating Income	€ 7,002	80.74 %
Annual Debt Service	€ 4,553	52.50 %
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.	€ 2,449	28.24 %
Income Tax Liability	€ 1,034	11.92 %
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.	€ 1,416	16.32 %

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).	19.26 %
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.	71.76 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	8,760	8,848	8,936	9,025	9,116	9,207	9,299	9,392	9,486	9,581
Vacancy Loss	0	88	88	89	90	91	92	93	94	95	96
Gross Operating Income	0	8,672	8,759	8,847	8,935	9,025	9,115	9,206	9,298	9,391	9,485
Expenses	0	1,670	1,704	1,738	1,772	1,808	1,844	1,881	1,919	1,957	1,996
Net Operating Income	0	7,002	7,056	7,109	7,163	7,217	7,271	7,325	7,380	7,434	7,489
Loan Payment	0	4,553	4,553	4,553	4,553	4,553	4,553	4,553	4,553	4,553	4,553
Payment Interest Part	0	1,472	1,410	1,346	1,281	1,215	1,148	1,079	1,009	938	865
Payment Principal Part	0	3,081	3,143	3,207	3,271	3,337	3,405	3,474	3,544	3,615	3,688
Cash Flow
Repairs/Construction	16,000	0	0	0	0	10,000	0	0	0	0	0
Cash Flow Before Taxes	500	2,449	2,503	2,556	2,610	-7,336	2,718	2,772	2,827	2,881	2,936
Depreciation	0	1,396	1,396	1,396	1,396	1,396	1,396	1,396	1,396	1,396	1,396
Taxes	0	1,034	1,062	1,092	1,121	-1,349	1,182	1,212	1,244	1,275	1,307
Cash Flow After Taxes	500	1,416	1,440	1,464	1,489	-5,988	1,536	1,560	1,583	1,606	1,629

Note: All amounts in the table above are in €

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