Property Report :

306 W Norman Ave, Dayton, OH 45405

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Ron Boring

306 W Norman Ave, Dayton, OH 45405

Singlefamily:

Investment strategy: Rental Property

Purchase Price$ 30,000

Rent$ 650/mo

Monthly Cash Flow$ 172

Cash on Cash Return23.59 %

Financial Analysis

Cash on Cash Return	23.59 %
Internal Rate of Return (IRR)	22.22 %
Capitalization Rate	13.00 %
Gross Rent Multiplier (GRM)	3.85
Debt-coverage Ratio (DCR)	2.12
Operating Expense Ratio (OER)	50.00 %

Financial Breakdown

Purchase Price	$ 30,000
Purchase Costs	$ 2,250
Repair/Construction Costs	$ 5,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 37,250
Financing	$ 28,500
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 8,750
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.	$ 1,500
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.	$ 7,250

Operating Analysis

Rent	$ 650/mo
Gross Operating Income (GOI)	$ 7,800
Total Expenses	$ 3,900
Net Operating Income (NOI)	$ 3,900
Annual Debt Service	$ 1,836
Cash Flow Before Taxes (CFBT)	$ 2,064
Income Tax Liability	$ 403
Cash Flow After Taxes (CFAT)	$ 1,661

Purchase Price	$ 30,000
Address	306 W Norman Ave , Dayton, 45405, OH
Type	Singlefamily

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.	$ 7,800
Total Gross Income	$ 7,800
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.	$ 7,800	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).
50% rule	$ 3,900	50.00 %
Total Expenses	$ 3,900	50.00 %
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.	$ 3,900	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 3,900	50.00 %
Annual Debt Service	$ 1,836	23.54 %
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.	$ 2,064	26.46 %
Income Tax Liability	$ 403	5.17 %
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.	$ 1,661	21.30 %

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).	50.00 %
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.	73.54 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
Operational Analysis
Gross Scheduled Income	0	7,800	7,956	8,115	8,277	8,443	8,612	8,784	8,960	9,139	9,322	9,508	9,698	9,892	10,090	10,292	10,498	10,708	10,922	11,140	11,363	11,590	11,822	12,059	12,300	12,546	12,797	13,053	13,314	13,580	13,852
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	7,800	7,956	8,115	8,277	8,443	8,612	8,784	8,960	9,139	9,322	9,508	9,698	9,892	10,090	10,292	10,498	10,708	10,922	11,140	11,363	11,590	11,822	12,059	12,300	12,546	12,797	13,053	13,314	13,580	13,852
Expenses	0	3,900	3,978	4,058	4,139	4,221	4,306	4,392	4,480	4,569	4,661	4,754	4,849	4,946	5,045	5,146	5,249	5,354	5,461	5,570	5,682	5,795	5,911	6,029	6,150	6,273	6,398	6,526	6,657	6,790	6,926
Net Operating Income	0	3,900	3,978	4,058	4,139	4,221	4,306	4,392	4,480	4,569	4,661	4,754	4,849	4,946	5,045	5,146	5,249	5,354	5,461	5,570	5,682	5,795	5,911	6,029	6,150	6,273	6,398	6,526	6,657	6,790	6,926
Loan Payment	0	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836	1,836
Payment Interest Part	0	1,415	1,394	1,371	1,348	1,323	1,296	1,269	1,240	1,209	1,177	1,143	1,108	1,071	1,032	990	947	902	854	804	751	695	637	576	511	443	372	297	219	136	49
Payment Principal Part	0	420	442	465	488	513	540	567	596	627	659	693	728	765	804	846	889	934	982	1,032	1,085	1,141	1,199	1,260	1,325	1,393	1,464	1,539	1,617	1,700	1,787
Cash Flow
Repairs/Construction	5,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-8,750	2,064	2,142	2,222	2,303	2,386	2,470	2,556	2,644	2,734	2,825	2,918	3,013	3,110	3,209	3,310	3,413	3,518	3,625	3,734	3,846	3,959	4,075	4,193	4,314	4,437	4,562	4,690	4,821	4,954	5,090
Depreciation	0	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873	873
Taxes	0	403	428	453	480	506	534	563	592	622	653	684	717	751	785	821	857	895	934	973	1,014	1,057	1,100	1,145	1,191	1,239	1,288	1,339	1,391	1,445	1,501
Cash Flow After Taxes	-8,750	1,661	1,714	1,768	1,823	1,879	1,936	1,994	2,052	2,112	2,172	2,234	2,296	2,360	2,424	2,489	2,556	2,623	2,692	2,761	2,831	2,903	2,975	3,048	3,123	3,198	3,274	3,351	3,430	3,509	3,589

Note: All amounts in the table above are in $

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