Cleveland Property: 2145 W 103rd St, Cleveland OH 44102

2145 W 103rd St, Cleveland, OH 44102

Singlefamily: 6 rooms: 3 bedrooms , 1.5 bathrooms

Year built: 1910, Size: 1276 SF

Investment strategy: Rental Property

Most of our numbers reflect fixed costs only and do not account for variable numbers, positive or negative; such as maintenance, home warranties, vacancies, rent increases, depreciation of costs, or appreciation of value. Total potential Return of Investment (ROI) is based on calculations of external data and is subject to change. Estimated returns are estimated as gross returns, and do not factor in vacancy and maintenance. Limitless Turnkey has offered this estimator of ROI in good faith. We realize that there are alternate methods to calculate ROI, and that some assumptions may not be applicable for your calculations. Data provided for the calculation is the user’s responsibility. We do not make any representations or warranties of any kind on the information provided. We also disclaim any liability or responsibility for the accuracy, correctness, or completeness of any information provided.

Purchase Price$ 54,500

Rent$ 775/mo

Monthly Cash Flow$ 256

Cash on Cash Return22.52 %

Financial Analysis

Cash on Cash Return	22.52 %
Internal Rate of Return (IRR)	25.15 %
Capitalization Rate	10.60 %
Gross Rent Multiplier (GRM)	5.86
Debt-coverage Ratio (DCR)	2.13
Operating Expense Ratio (OER)	34.61 %
After Repair Value	$ 54,500

Financial Breakdown

Purchase Price	$ 54,500
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).	$ 54,500
Financing	$ 40,875
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 13,625
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.	$ 13,625
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	$ 775/mo
Gross Operating Income (GOI)	$ 8,835
Total Expenses	$ 3,058
Net Operating Income (NOI)	$ 5,777
Annual Debt Service	$ 2,709
Cash Flow Before Taxes (CFBT)	$ 3,069
Income Tax Liability	$ 515
Cash Flow After Taxes (CFAT)	$ 2,554

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.	$ 9,300
Total Gross Income	$ 9,300
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.	$ 465
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.	$ 8,835	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	$ 707	8.00 %
Insurance	$ 450	5.09 %
Maintenance	$ 442	5.00 %
Property tax	$ 1,459	16.51 %
Total Expenses	$ 3,058	34.61 %
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.	$ 5,777	65.39 %

Cash Flow (Year 1)

Net Operating Income	$ 5,777	65.39 %
Annual Debt Service	$ 2,709	30.66 %
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.	$ 3,069	34.74 %
Income Tax Liability	$ 515	5.83 %
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.	$ 2,554	28.91 %

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).	34.61 %
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.	65.26 %

Financing		% of ARV
Down Payment	$ 13,625	25.00 %
Loan	$ 40,875	75.00 %
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.		75.00 %
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).		75.00 %
Debt Coverage Ratio		2.13

Loan Financing of: Purchase price ($ 54,500)
Type	Amortized
Loan Amount	$ 40,875
Down payment (25%)	$ 13,625
Amortization	30 years
Interest Rate	5.25 %
Monthly Payment	$ 225.71

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.

Lender Summary

Financing of: Purchase price
Type: Amortized
Amortization: 30 years

Loan Assumptions		% of ARV
After Repair Value	$ 54,500	100.00 %
Purchase Price	$ 54,500	100.00 %
Purchase Costs	$ 0	0.00 %
Repair Costs	$ 0	0.00 %
Holding Costs	$ 0	0.00 %
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 54,500	100.00 %
Financed Amount	$ 54,500	100.00 %
Down payment (25%)	$ 13,625	25.00 %
Loan Amount	$ 40,875	75.00 %

Lender Returns
Interest Rate	5.25 %
Interest Income	$ 40,382
Total Income to Lender	$ 0
Lender's ROI	0.00 %
Lender's Annualized ROI	0.00 %

Property Report: Cleveland Property RENTAL

Property Report :

Cleveland Property

2145 W 103rd St, Cleveland, OH 44102

Executive Summary

2145 W 103rd St, Cleveland, OH 44102

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

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)

Financing Overview

Loan to Value Ratio

Loan to Value Ratio

Loan to Cost Ratio

Loan to Cost Ratio

Lender Report

Lender Summary

Total Capital Needed

Total Capital Needed

Photos