Property Report: 3235 Vishaal Dr RENTAL

Property Report :

3235 Vishaal Dr

3235 Vishaal Dr, Orlando, FL 32817

Created on: Apr 16, 2025

Author: David Hampton

3235 Vishaal Dr, Orlando, FL 32817

Multifamily: 3 bedrooms , 2 bathrooms

Year built: 1986,

Investment strategy: Rental Property

Purchase Price$ 155,000
Rent$ 1,500/mo
Monthly Cash Flow$ -148
Cash on Cash Return-14.52 %

Financial Analysis

Cash on Cash Return -14.52 %
Internal Rate of Return (IRR) 14.10 %
Capitalization Rate 5.40 %
Gross Rent Multiplier (GRM) 8.61
Debt-coverage Ratio (DCR) 0.82
Operating Expense Ratio (OER) 52.03 %

Financial Breakdown

Purchase Price $ 155,000
Purchase Costs $ 1,000
Repair/Construction Costs $ 1,000
Total Capital Needed
$ 157,000
Financing $ 144,750
Total Cash Needed
$ 12,250
Cash at Closing
$ 48,250
Cash During Rehab
$ -36,000

Operating Analysis

Rent $ 1,500/mo
Gross Operating Income (GOI) $ 17,460
Total Expenses $ 9,084
Net Operating Income (NOI) $ 8,376
Annual Debt Service $ 10,154
Cash Flow Before Taxes (CFBT) $ -1,778
Income Tax Liability $ 0
Cash Flow After Taxes (CFAT) $ -1,778

3235 Vishaal Dr

Purchase Price $ 155,000
Address 3235 Vishaal Dr , Orlando, 32817, FL
Year Built 1986
Type Multifamily
Number of Units 3
Bedrooms 3
Bathrooms 2
3235 Vishaal Dr Orlando, FL 32817
  • Multifamily

    Bldg type
  • 3

    Beds
  • 2

    Baths

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Property address Distance Beds Baths SqFt Bldg type Date sold Sale price $/SqFt Notes Edit
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Estimated ARV:
$ 0

Comps selected: 0

Annual Property Operating Data

Incomes % of GOI
Gross Scheduled Income
$ 18,000    
Total Gross Income $ 18,000  
Vacancy loss
$ 540  
Gross Operating Income
$ 17,460 100.00 %
Expenses
Repairs $ 1,200 6.87 %
Manager $ 1,800 10.31 %
Prop_taxes $ 2,304 13.20 %
Prop_insurance $ 696 3.99 %
Hoa $ 3,084 17.66 %
Total Expenses $ 9,084 52.03 %
Net Operating Income
$ 8,376 47.97 %

Cash Flow (Year 1)

Net Operating Income $ 8,376 47.97 %
Annual Debt Service $ 10,154 58.16 %
Cash Flow Before Taxes (CFBT)
$ -1,778 -10.19 %
Income Tax Liability $ 0 0.00 %
Cash Flow After Taxes (CFAT)
$ -1,778 -10.19 %

Operating Ratios

Operating Expense Ratio
52.03 %
Break-Even Ratio
110.19 %

Financial Measures

Net Present Value
$ 7,341
Internal Rate of Return
14.10 %
Profitability Index
1.60
Annual Depreciation $ 4,509

Holding period of 10 years and discount rate of 10.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don't provide such an exact information.

Investment Return Ratios

Cash on Cash Return
-14.52 %
Return on Investment
10.79 %
Capitalization Rate
5.40 %
Gross Rental Yield
11.61 %
Gross Rent Multiplier
8.61
Financing
Down Payment $ 48,250
Loan $ 144,750
Loan to Value Ratio
93.39 %
Loan to Cost Ratio
92.79 %
Debt Coverage Ratio 0.82
Loan

Financing of: Specific amount ($ 193,000)

Type Amortized
Loan Amount $ 144,750
Down payment (25%) $ 48,250
Amortization 25 years
Interest Rate 5.00 %
Monthly Payment $ 846.19

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.

Year
Operational Analysis
Gross Scheduled Income
Vacancy Loss
Gross Operating Income
Expenses
Net Operating Income
Loan Payment
Payment Interest Part
Payment Principal Part
Cash Flow
Repairs/Construction
Cash Flow Before Taxes
Depreciation 0
Taxes
Cash Flow After Taxes

Note: All amounts in the table above are in $

Resale Price Evaluation Methods

The property is sold after 10 years. Below is the resale price calculated using different methods.

Appreciation (2.00%) $ 188,944
Cap Rate (5.23%) & NOI $ 191,398
Gross Rent Multiplier $ 185,215

Sale Proceeds

Projected Selling Price $ 188,944
Costs of Sale (7.00%) $ 13,226
Net Sale Proceeds Before Tax $ 68,712

In the resale analysis we do not include any calculation for taxes that might be owed on sale of the property. The tax laws for the resale are rather complex and subjected to frequent changes.

Net Assets and Yield

Net Assets
Sale Proceeds Before Tax $ 68,712
Investor Cash Outlay $ 12,250
Net Assets $ 56,462
Average Yield
Annual Net Assets $ 5,646
Average Cash Flow (After Taxes) $ 0
Average Annual Gain (After Taxes) $ 0
Average Annual Yield (After Taxes) 0.00 %

This charts shows Net Present Value (NPV) when property is sold in various years, i.e. when sold in 5th year, the NPV is calculated from 5 years of Cash Flow (including the selling price) and this NPV is displayed in year 5. Optimal holding period can be estimated, using this method - when NPV is the highest. Please note that appreciation growth can change these numbers greatly. It sometimes makes sense to sell the property even before the end of the mortgage term.

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