Property Report :

2013 Hopkins Ave, Cincinnati, OH 45212

Real Estate Analysis

Created on: Apr 14, 2025

Author: Lisa WIlliams

Company: Keller Williams Seven Hills

2013 Hopkins Ave, Cincinnati, OH 45212

Multifamily:

Investment strategy: Rental Property

Purchase Price$ 200,000

Rent$ 4,548/mo

Monthly Cash Flow$ 2,369

Cash on Cash Return26.37 %

Financial Analysis

Cash on Cash Return	26.37 %
Internal Rate of Return (IRR)	27.51 %
Capitalization Rate	11.39 %
Gross Rent Multiplier (GRM)	7.05
Debt-coverage Ratio (DCR)	2.84
Operating Expense Ratio (OER)	19.68 %
After Repair Value	$ 385,000
Profit/Equity From Rehab	$ 84,200

Financial Breakdown

Purchase Price	$ 200,000
Purchase Costs	$ 800
Repair/Construction Costs	$ 100,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 300,800
Financing	$ 193,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 107,800
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.	$ 7,000
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.	$ 100,800

Operating Analysis

Rent	$ 4,548/mo
Gross Operating Income (GOI)	$ 54,576
Total Expenses	$ 10,742
Net Operating Income (NOI)	$ 43,834
Annual Debt Service	$ 15,408
Cash Flow Before Taxes (CFBT)	$ 28,426
Income Tax Liability	$ 6,142
Cash Flow After Taxes (CFAT)	$ 22,284

Purchase Price	$ 200,000
Address	2013 Hopkins Ave , Cincinnati, 45212, OH
Type	Multifamily
Number of Units

2013 Hopkins Ave Cincinnati, OH 45212

$ 4,548

Rent
Multifamily

Bldg type

Your rent may be too high.

Average

$ 1,301

Median

$ 1,325

25th %

$ 1,118

75th %

$ 1,484

#	Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
1	3609 Evanston Ave, Unit 2	85%	1.2mi	3	1	1,400	3/14/2023	Duplex-Triplex	$ 1,550
2	1922 Hopkins Ave, Apt 11	67%	0.1mi	1	1	0	1/19/2023	Single Family	$ 899
3	1922 Hopkins Ave, Apt 11	67%	0.1mi	1	1	0	1/18/2023	Single Family	$ 899
4	4303 Allison St	66%	0.2mi	2	1	0	4/11/2023	Apartment	$ 1,150
5	1846 Hopkins Ave, Unit 4	66%	0.3mi	2	1	0	4/11/2023	Townhouse	$ 1,100
6	1846 Hopkins Cincinnati Oh 45212-2934 Ave, Unit 2	66%	0.3mi	2	1	0	3/11/2023	Condo	$ 1,200

You can edit, sort, drag and reorder suggested comps below. Select the comps you want to include in the report. You can also add comps manually.

Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
3609 Evanston Ave, Unit 1	85%	1.2mi	1	1	850	4/11/2023	Duplex-Triplex	$ 1,150
3609 Evanston Ave, Unit 2	85%	1.2mi	3	1	1,400	3/14/2023	Duplex-Triplex	$ 1,550
2010 Delaware Ave	67%	0.1mi	4	3	1,468	4/11/2023	Single Family	$ 1,950
1922 Hopkins Ave	67%	0.1mi	1	1	0	4/11/2023	Apartment	$ 800
1922 Hopkins Ave, Apt 9	67%	0.1mi	1	1	0	3/13/2023	Apartment	$ 925
1922 Hopkins Ave, Apt 11	67%	0.1mi	1	1	0	1/19/2023	Single Family	$ 899
1922 Hopkins Ave, Apt 11	67%	0.1mi	1	1	0	1/18/2023	Single Family	$ 899
4303 Allison St	66%	0.2mi	2	1	0	4/11/2023	Apartment	$ 1,150
1846 Hopkins Ave, Unit 4	66%	0.3mi	2	1	0	4/11/2023	Townhouse	$ 1,100
1846 Hopkins Cincinnati Oh 45212-2934 Ave, Unit 2	66%	0.3mi	2	1	0	3/11/2023	Condo	$ 1,200

Comps selected: 6

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.	$ 54,576
Total Gross Income	$ 54,576
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.	$ 0
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.	$ 54,576	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	$ 2,880	5.28 %
WATER	$ 1,620	2.97 %
Insurance	$ 1,250	2.29 %
Repairs	$ 1,092	2.00 %
Property tax	$ 3,900	7.15 %
Total Expenses	$ 10,742	19.68 %
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.	$ 43,834	80.32 %

Cash Flow (Year 1)

Net Operating Income	$ 43,834	80.32 %
Annual Debt Service	$ 15,408	28.23 %
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.	$ 28,426	52.09 %
Income Tax Liability	$ 6,142	11.25 %
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.	$ 22,284	40.83 %

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).	19.68 %
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.	47.91 %

Financial Measures

Net Present Value Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog. Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog.	$ 281,733
Internal Rate of Return Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero. Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero.	27.51 %
Profitability Index Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0 Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0	3.61
Annual Depreciation	$ 5,818

Holding period of 10 years and discount rate of 5.00% 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 Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money. Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money.	26.37 %
Return on Investment Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year. Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year.	31.94 %
Capitalization Rate Capitalization Rate Calculated as ratio of the net operating income and the value of the property. Capitalization Rate Calculated as ratio of the net operating income and the value of the property.	11.39 %
Gross Rental Yield Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment. Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment.	27.29 %
Gross Rent Multiplier Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income. Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income.	7.05

Financing		% of ARV
Down Payment	$ 7,000	1.82 %
Loan	$ 193,000	50.13 %
Loan to Value Ratio Loan to Value Ratio Shows sum of all purchase and rehab loans divided by purchase price. Loan to Value Ratio Shows sum of all purchase and rehab loans divided by purchase price.		96.50 %
Loan to Cost Ratio Loan to Cost Ratio Shows sum of all purchase and rehab loans to construction cost (purchase price + repairs). Loan to Cost Ratio Shows sum of all purchase and rehab loans to construction cost (purchase price + repairs).		64.33 %
Debt Coverage Ratio		2.84

Loan Financing of: Purchase price ($ 200,000)
Type	Amortized
Loan Amount	$ 193,000
Down payment (4%)	$ 7,000
Amortization	30 years
Interest Rate	7.00 %
Monthly Payment	$ 1,284.03

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	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	54,576	55,668	56,781	57,916	59,075	60,256	61,461	62,691	63,944	65,223
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	54,576	55,668	56,781	57,916	59,075	60,256	61,461	62,691	63,944	65,223
Expenses	0	10,742	10,956	11,175	11,399	11,627	11,860	12,097	12,339	12,585	12,837
Net Operating Income	0	43,834	44,711	45,605	46,518	47,448	48,397	49,365	50,352	51,359	52,386
Loan Payment	0	15,408	15,408	15,408	15,408	15,408	15,408	15,408	15,408	15,408	15,408
Payment Interest Part	0	13,448	13,306	13,154	12,991	12,817	12,629	12,428	12,213	11,982	11,734
Payment Principal Part	0	1,961	2,102	2,254	2,417	2,592	2,779	2,980	3,196	3,427	3,674
Cash Flow
Repairs/Construction	100,000	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-107,800	28,426	29,303	30,197	31,109	32,039	32,988	33,956	34,944	35,951	36,978
Depreciation	0	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818
Taxes	0	6,142	6,397	6,658	6,927	7,203	7,487	7,780	8,080	8,390	8,709
Cash Flow After Taxes	-107,800	22,284	22,906	23,539	24,182	24,836	25,501	26,177	26,863	27,561	28,269

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 (3.00%)	$ 517,408
Cap Rate (11.39%) & NOI	$ 459,932
Gross Rent Multiplier	$ 459,825

Sale Proceeds

Projected Selling Price	$ 517,408
Costs of Sale (6.00%)	$ 31,044
1. Loan Balance Payoff	$ 165,618
Net Sale Proceeds Before Tax	$ 320,746

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	$ 320,746
Investor Cash Outlay	$ 107,800
Net Assets	$ 212,946
Average Yield
Annual Net Assets	$ 21,295
Average Cash Flow (After Taxes)	$ 22,385
Average Annual Gain (After Taxes)	$ 43,679
Average Annual Yield (After Taxes)	21.84 %

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.

Property Report: 2013 Hopkins Ave, Cincinnati RENTAL

Property Report :

2013 Hopkins Ave, Cincinnati, OH 45212

Executive Summary

2013 Hopkins Ave, Cincinnati, OH 45212

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

Comparative Rental Analysis

$ 4,548

Rent

Multifamily

Bldg type

Rentometer®

Rentometer®

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)

Financial Analysis

Financial Measures

Net Present Value (NPV)

Net Present Value (NPV)

Internal Rate of Return (IRR)

Internal Rate of Return (IRR)

Profitability Index

Profitability Index

Investment Return Ratios

Cash on Cash Return

Cash on Cash Return

Return on Investment

Return on Investment

Capitalization Rate

Capitalization Rate

Gross Rental Yield

Gross Rental Yield

Gross Rent Multiplier (GRM)

Gross Rent Multiplier (GRM)

Financing Overview

Loan to Value Ratio

Loan to Value Ratio

Loan to Cost Ratio

Loan to Cost Ratio

Long-term Cash Flow Forecast

Resale Analysis

Resale Price Evaluation Methods

Sale Proceeds

Net Assets and Yield

Photos

Rentometer^®

Rentometer^®