Property Report :

318 15th Ave, Scranton, PA 18504

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Real Estate Analysis

Created on: Apr 15, 2025

Author: Miguel Quintana

Company: MAQ Properties LLC

318 15th Ave, Scranton, PA 18504

Investment strategy: Rental Property

Purchase Price$ 350,000

Rent$ 3,950/mo

Monthly Cash Flow$ 3,030

Cash on Cash Return9.89 %

Financial Analysis

Cash on Cash Return	9.89 %
Internal Rate of Return (IRR)	0.34 %
Capitalization Rate	10.39 %
Gross Rent Multiplier (GRM)	7.38
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	23.29 %

Financial Breakdown

Purchase Price	$ 350,000
Purchase Costs	$ 17,500
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).	$ 367,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 367,500
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.	$ 367,500

Operating Analysis

Rent	$ 3,950/mo
Gross Operating Income (GOI)	$ 47,400
Total Expenses	$ 11,040
Net Operating Income (NOI)	$ 36,360
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 36,360
Income Tax Liability	$ 6,545
Cash Flow After Taxes (CFAT)	$ 29,816

Purchase Price	$ 350,000
Address	318 15th Ave , Scranton, 18504, PA

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.	$ 47,400
Total Gross Income	$ 47,400
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.	$ 47,400	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 manager	$ 4,740	10.00 %
Insurance	$ 1,800	3.80 %
Property tax	$ 4,500	9.49 %
Total Expenses	$ 11,040	23.29 %
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.	$ 36,360	76.71 %

Cash Flow (Year 1)

Net Operating Income	$ 36,360	76.71 %
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.	$ 36,360	76.71 %
Income Tax Liability	$ 6,545	13.81 %
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.	$ 29,816	62.90 %

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).	23.29 %
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.	23.29 %

Year	0	1
Operational Analysis
Gross Scheduled Income	0	47,400
Vacancy Loss	0	0
Gross Operating Income	0	47,400
Expenses	0	11,040
Net Operating Income	0	36,360
Cash Flow
Repairs/Construction	0	0
Cash Flow Before Taxes	-367,500	36,360
Depreciation	0	10,182
Taxes	0	6,545
Cash Flow After Taxes	-367,500	29,816

Note: All amounts in the table above are in $

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