Property Report :

Hounchell Duplex

3310 33rd St N, St. Petersburg, FL 33713

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Matthew Davies

3310 33rd St N, St. Petersburg, FL 33713

, 2 bathrooms

Year built: 1980, Size: 1566 SF

Investment strategy: Rental Property

Purchase Price$ 200,000

Rent$ 1,700/mo

Monthly Cash Flow$ 550

Cash on Cash Return12.00 %

Financial Analysis

Cash on Cash Return	12.00 %
Internal Rate of Return (IRR)	19.10 %
Capitalization Rate	8.27 %
Gross Rent Multiplier (GRM)	11.03
Debt-coverage Ratio (DCR)	1.55
Operating Expense Ratio (OER)	8.82 %
After Repair Value	$ 225,000
Profit/Equity From Rehab	$ 20,000

Financial Breakdown

Purchase Price	$ 200,000
Purchase Costs	$ 5,000
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).	$ 205,000
Financing	$ 150,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 55,000
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.	$ 50,000
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.	$ 5,000

Operating Analysis

Rent	$ 1,700/mo
Gross Operating Income (GOI)	$ 20,400
Total Expenses	$ 1,800
Net Operating Income (NOI)	$ 18,600
Annual Debt Service	$ 12,000
Cash Flow Before Taxes (CFBT)	$ 6,600
Income Tax Liability	$ 196
Cash Flow After Taxes (CFAT)	$ 6,405

Purchase Price	$ 200,000
Address	3310 33rd St N , St. Petersburg, 33713, FL
Year Built	1980
Size	1566 SF
Bathrooms	2

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.	$ 20,400
Total Gross Income	$ 20,400
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.	$ 20,400	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).
Repairs	$ 1,800	8.82 %
Total Expenses	$ 1,800	8.82 %
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.	$ 18,600	91.18 %

Cash Flow (Year 1)

Net Operating Income	$ 18,600	91.18 %
Annual Debt Service	$ 12,000	58.82 %
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.	$ 6,600	32.35 %
Income Tax Liability	$ 196	0.96 %
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.	$ 6,405	31.39 %

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).	8.82 %
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.	67.65 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	20,400	20,808	21,224	21,649	22,082	22,523	22,974	23,433	23,902	24,380
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	20,400	20,808	21,224	21,649	22,082	22,523	22,974	23,433	23,902	24,380
Expenses	0	1,800	1,836	1,873	1,910	1,948	1,987	2,027	2,068	2,109	2,151
Net Operating Income	0	18,600	18,972	19,351	19,738	20,133	20,536	20,947	21,366	21,793	22,229
1. Loan Payment	0	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000
Payment Interest Part	0	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000
Payment Principal Part	0	0	0	0	0	0	0	0	0	0	0
2. Loan Payment	0	0	0	0	0	0	0	0	0	0	0
Payment Interest Part	0	0	0	0	0	0	0	0	0	0	0
Payment Principal Part	0	0	0	0	0	0	0	0	0	0	0
Total Debt Service	0	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-55,000	6,600	6,972	7,351	7,738	8,133	8,536	8,947	9,366	9,793	10,229
Depreciation	0	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818	5,818
Taxes	0	196	289	383	480	579	679	782	887	994	1,103
Cash Flow After Taxes	-55,000	6,405	6,684	6,968	7,258	7,554	7,856	8,164	8,479	8,799	9,126

Note: All amounts in the table above are in $

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