2232 Eagle Dr, Rocklin CA 95677

2232 Eagle Dr, Rocklin, CA 95677

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1988, Size: 1880 SF

Investment strategy: Rental Property

Purchase Price$ 647,200

Rent$ 2,700/mo

Monthly Cash Flow$ -889

Cash on Cash Return-30.17 %

Financial Analysis

Cash on Cash Return	-30.17 %
Internal Rate of Return (IRR)	45.29 %
Capitalization Rate	4.13 %
Gross Rent Multiplier (GRM)	21.60
Debt-coverage Ratio (DCR)	0.73
Operating Expense Ratio (OER)	10.69 %
After Repair Value	$ 700,000
Profit/Equity From Rehab	$ 49,800

Financial Breakdown

Purchase Price	$ 647,200
Purchase Costs	$ 2,000
Repair/Construction Costs	$ 1,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 650,200
Financing	$ 614,840
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 35,360
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.	$ 32,360
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.	$ 3,000

Operating Analysis

Rent	$ 2,700/mo
Gross Operating Income (GOI)	$ 32,400
Total Expenses	$ 3,462
Net Operating Income (NOI)	$ 28,938
Annual Debt Service	$ 39,607
Cash Flow Before Taxes (CFBT)	$ -10,669
Income Tax Liability	$ -5,107
Cash Flow After Taxes (CFAT)	$ -5,563

2232 Eagle Dr, Rocklin, CA 95677 is a single family home built in 1988. This property was last sold for $675,000 in 2022 and currently has an estimated value of $647,200. According to the Rocklin public records, the property at 2232 Eagle Dr, Rocklin, CA 95677 has approximately 1880 square feet, 3 beds and 2 baths with a lot size of 7,649 square feet. Nearby schools include Parker Whitney Elementary School, Rocklin High School and Spring View Middle School.

Purchase Price	$ 647,200
Address	2232 Eagle Dr , Rocklin, 95677, CA
Listing Agent	Carolyn Mcconnell
Listing Broker	Coldwell Banker Realty
Year Built	1988
Type	Singlefamily
Size	1880 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
9/26/2022
8/26/2022
7/18/1988

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.	$ 32,400
	$ 0
Total Gross Income	$ 32,400
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.	$ 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.	$ 32,400	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 tax	$ 3,462	10.69 %
Total Expenses	$ 3,462	10.69 %
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.	$ 28,938	89.31 %

Cash Flow (Year 1)

Net Operating Income	$ 28,938	89.31 %
Annual Debt Service	$ 39,607	122.24 %
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.	$ -10,669	-32.93 %
Income Tax Liability	$ -5,107	-15.76 %
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.	$ -5,563	-17.17 %

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).	10.69 %
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.	132.93 %

Year	0	1	2	3
Operational Analysis
Gross Scheduled Income	0	32,400	33,048	33,709
Vacancy Loss	0	0	0	0
Gross Operating Income	0	32,400	33,048	33,709
Expenses	0	3,462	3,531	3,602
Net Operating Income	0	28,938	29,517	30,107
Loan Payment	0	39,607	39,607	39,607
Payment Interest Part	0	30,536	30,072	29,584
Payment Principal Part	0	9,071	9,535	10,023
Cash Flow
Repairs/Construction	1,000	0	0	0
Cash Flow Before Taxes	-35,360	-10,669	-10,090	-9,500
Partner Share (100%)	0	0	0	0
Net Cash Flow Before Taxes	-35,360	-10,669	-10,090	-9,500
Depreciation	0	18,828	18,828	18,828
Taxes	0	-5,107	-4,846	-4,576
Cash Flow After Taxes	-35,360	-5,563	-5,245	-4,924

Note: All amounts in the table above are in $

Property Report :

2232 Eagle Dr, Rocklin, CA 95677

Executive Summary