Property Report :

DC Property

324 12th St NE #3 B, Washington, DC 20002

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Real Estate Analysis

Created on: Jul 29, 2025

Author: Paiyal Patel

324 12th St NE #3 B, Washington, DC 20002

Condominium: 5 rooms: 3 bedrooms , 2.5 bathrooms

Year built: 2011, Size: 1796 SF

Investment strategy: Rental Property

Purchase Price$ 714,000

Rent$ 3,000/mo

Monthly Cash Flow$ 865

Cash on Cash Return1.45 %

Financial Analysis

Cash on Cash Return	1.45 %
Internal Rate of Return (IRR)	4.56 %
Capitalization Rate	1.45 %
Gross Rent Multiplier (GRM)	19.83
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	68.98 %

Financial Breakdown

Purchase Price	$ 714,000
Purchase Costs	$ 0
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).	$ 714,000
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 714,000
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.	$ 714,000

Operating Analysis

Rent	$ 3,000/mo
Gross Operating Income (GOI)	$ 33,480
Total Expenses	$ 23,096
Net Operating Income (NOI)	$ 10,384
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 10,384
Income Tax Liability	$ -2,597
Cash Flow After Taxes (CFAT)	$ 12,981

Purchase Price	$ 714,000
Address	324 12th St NE #3 B, Washington, 20002, DC
Year Built	2011
Type	Condominium
Size	1796 SF
Bedrooms	3
Bathrooms	2.5
Rooms Total	5

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.	$ 36,000
Total Gross Income	$ 36,000
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.	$ 2,520
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.	$ 33,480	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).
Electricity & Gas	$ 1,800	5.38 %
Insurance	$ 1,920	5.73 %
Repairs	$ 335	1.00 %
Property tax	$ 10,000	29.87 %
Property Manager	$ 2,009	6.00 %
Internet	$ 1,440	4.30 %
HOA	$ 4,080	12.19 %
Security	$ 1,512	4.52 %
Total Expenses	$ 23,096	68.98 %
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.	$ 10,384	31.02 %

Cash Flow (Year 1)

Net Operating Income	$ 10,384	31.02 %
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.	$ 10,384	31.02 %
Income Tax Liability	$ -2,597	-7.76 %
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.	$ 12,981	38.77 %

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).	68.98 %
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.	68.98 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	36,000	36,720	37,454	38,203	38,968	39,747	40,542	41,353	42,180	43,023
Vacancy Loss	0	2,520	2,570	2,622	2,674	2,728	2,782	2,838	2,895	2,953	3,012
Gross Operating Income	0	33,480	34,150	34,833	35,529	36,240	36,965	37,704	38,458	39,227	40,012
Expenses	0	23,096	23,558	24,029	24,509	24,999	25,499	26,009	26,530	27,060	27,601
Net Operating Income	0	10,384	10,592	10,804	11,020	11,240	11,465	11,695	11,928	12,167	12,410
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-714,000	10,384	10,592	10,804	11,020	11,240	11,465	11,695	11,928	12,167	12,410
Depreciation	0	20,771	20,771	20,771	20,771	20,771	20,771	20,771	20,771	20,771	20,771
Taxes	0	-2,597	-2,545	-2,492	-2,438	-2,383	-2,326	-2,269	-2,211	-2,151	-2,090
Cash Flow After Taxes	-714,000	12,981	13,137	13,296	13,458	13,623	13,792	13,964	14,139	14,318	14,500

Note: All amounts in the table above are in $

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