Property Report :

Keita's Worker

2251 E 8th St, Lehigh Acres, FL 33936

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Real Estate Analysis

Created on: Apr 15, 2025

Author: Alfred Bobbitt

2251 E 8th St, Lehigh Acres, FL 33936

Singlefamily: 2 bedrooms , 1 bathroom

Year built: 1959, Size: 916 SF

Investment strategy: Rental Property

Purchase Price$ 44,300

Rent$ 800/mo

Monthly Cash Flow$ 776

Cash on Cash Return15.32 %

Financial Analysis

Cash on Cash Return	15.32 %
Internal Rate of Return (IRR)	19.71 %
Capitalization Rate	10.83 %
Gross Rent Multiplier (GRM)	8.96
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	0.00 %
After Repair Value	$ 86,000
Profit/Equity From Rehab	$ 25,200

Financial Breakdown

Purchase Price	$ 44,300
Purchase Costs	$ 1,500
Repair/Construction Costs	$ 15,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 60,800
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 60,800
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.	$ 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.	$ 60,800

Operating Analysis

Rent	$ 800/mo
Gross Operating Income (GOI)	$ 9,312
Total Expenses	$ 0
Net Operating Income (NOI)	$ 9,312
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 9,312
Income Tax Liability	$ 2,006
Cash Flow After Taxes (CFAT)	$ 7,306

Purchase Price	$ 44,300
Address	2251 E 8th St , Lehigh Acres, 33936, FL
Year Built	1959
Type	Singlefamily
Size	916 SF
Bedrooms	2
Bathrooms	1

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.	$ 9,600
Total Gross Income	$ 9,600
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.	$ 288
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.	$ 9,312	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.	$ 9,312	100.00 %

Cash Flow (Year 1)

Net Operating Income	$ 9,312	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.	$ 9,312	100.00 %
Income Tax Liability	$ 2,006	21.54 %
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.	$ 7,306	78.46 %

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
Operational Analysis
Gross Scheduled Income	0	9,600	9,792	9,988	10,188	10,391
Vacancy Loss	0	288	294	300	306	312
Gross Operating Income	0	9,312	9,498	9,688	9,882	10,080
Expenses	0	0	0	0	0	0
Net Operating Income	0	9,312	9,498	9,688	9,882	10,080
Cash Flow
Repairs/Construction	15,000	0	0	0	0	0
Cash Flow Before Taxes	-60,800	9,312	9,498	9,688	9,882	10,080
Depreciation	0	1,289	1,289	1,289	1,289	1,289
Taxes	0	2,006	2,052	2,100	2,148	2,198
Cash Flow After Taxes	-60,800	7,306	7,446	7,588	7,734	7,882

Note: All amounts in the table above are in $

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