Property Report :

2129 S Scott Ave, Independence, MO 64052

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Real Estate Analysis

Created on: Apr 14, 2025

Author: Eric Van Allen

2129 S Scott Ave, Independence, MO 64052

Multifamily:

Year built: 1960, Size: 1276 SF

Investment strategy: Rental Property

Purchase Price$ 190,000

Rent$ 3,200/mo

Monthly Cash Flow$ 2,880

Cash on Cash Return18.19 %

Financial Analysis

Cash on Cash Return	18.19 %
Internal Rate of Return (IRR)	16.51 %
Capitalization Rate	18.19 %
Gross Rent Multiplier (GRM)	4.95
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	0.00 %

Financial Breakdown

Purchase Price	$ 190,000
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).	$ 190,000
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 190,000
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.	$ 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.	$ 190,000

Operating Analysis

Rent	$ 3,200/mo
Gross Operating Income (GOI)	$ 34,560
Total Expenses	$ 0
Net Operating Income (NOI)	$ 34,560
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 34,560
Income Tax Liability	$ 7,258
Cash Flow After Taxes (CFAT)	$ 27,302

Purchase Price	$ 190,000
Address	2129 S Scott Ave , Independence, 64052, MO
Year Built	1960
Type	Multifamily
Number of Units
Size	1276 SF

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.	$ 38,400
Total Gross Income	$ 38,400
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.	$ 3,840
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.	$ 34,560	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).
Total Expenses	$ 0	0.00 %
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.	$ 34,560	100.00 %

Cash Flow (Year 1)

Net Operating Income	$ 34,560	100.00 %
Annual Debt Service	$ 0	0.00 %
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.	$ 34,560	100.00 %
Income Tax Liability	$ 7,258	21.00 %
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.	$ 27,302	79.00 %

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).	0.00 %
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.	0.00 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15
Operational Analysis
Gross Scheduled Income	0	38,400	39,168	39,951	40,750	41,565	42,397	43,245	44,110	44,992	45,892	46,809	47,746	48,700	49,674	50,668
Vacancy Loss	0	3,840	3,917	3,995	4,075	4,157	4,240	4,324	4,411	4,499	4,589	4,681	4,775	4,870	4,967	5,067
Gross Operating Income	0	34,560	35,251	35,956	36,675	37,409	38,157	38,920	39,699	40,493	41,302	42,128	42,971	43,830	44,707	45,601
Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Operating Income	0	34,560	35,251	35,956	36,675	37,409	38,157	38,920	39,699	40,493	41,302	42,128	42,971	43,830	44,707	45,601
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-190,000	34,560	35,251	35,956	36,675	37,409	38,157	38,920	39,699	40,493	41,302	42,128	42,971	43,830	44,707	45,601
Depreciation	0	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527	5,527
Taxes	0	7,258	7,431	7,607	7,787	7,970	8,158	8,348	8,543	8,741	8,944	9,150	9,361	9,576	9,795	10,019
Cash Flow After Taxes	-190,000	27,302	27,820	28,349	28,888	29,438	30,000	30,572	31,156	31,751	32,359	32,978	33,610	34,255	34,912	35,583

Note: All amounts in the table above are in $

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