Property Report: taylor triplex RENTAL

Property Report :

taylor triplex

3339 Taylor Blvd, Louisville, KY 40215

Created on: Apr 15, 2025

Author: james wright

3339 Taylor Blvd, Louisville, KY 40215

Multifamily: 6 bedrooms , 3 bathrooms + 3 kitchens

Year built: 1920, Size: 3128 SF

Investment strategy: Rental Property

Purchase Price$ 80,000
Rent$ 1,400/mo
Monthly Cash Flow$ 24
Cash on Cash Return14.51 %

Financial Analysis

Cash on Cash Return 14.51 %
Internal Rate of Return (IRR) 47.85 %
Capitalization Rate 10.50 %
Gross Rent Multiplier (GRM) 4.76
Debt-coverage Ratio (DCR) 1.04
Operating Expense Ratio (OER) 50.00 %
After Repair Value $ 80,000

Financial Breakdown

Purchase Price $ 80,000
Purchase Costs $ 2,000
Repair/Construction Costs $ 0
Total Capital Needed
$ 82,000
Financing $ 80,000
Total Cash Needed
$ 2,000
Cash at Closing
$ 16,000
Cash During Rehab
$ -14,000

Operating Analysis

Rent $ 1,400/mo
Gross Operating Income (GOI) $ 16,800
Total Expenses $ 8,400
Net Operating Income (NOI) $ 8,400
Annual Debt Service $ 8,110
Cash Flow Before Taxes (CFBT) $ 290
Income Tax Liability $ 26
Cash Flow After Taxes (CFAT) $ 264
Purchase Price $ 80,000
Address 3339 Taylor Blvd , Louisville, 40215, KY
Year Built 1920
Type Multifamily
Number of Units 3
Size 3128 SF
Bedrooms 6
Bathrooms 3
Kitchens 3
3339 Taylor Blvd Louisville, KY 40215
  • $ 80,000

    Property ARV
  • Multifamily

    Bldg type
  • 3,128

    SqFt
  • $ 26

    per SqFt
  • 6

    Beds
  • 3

    Baths

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

Comps selected: 0

Annual Property Operating Data

Incomes % of GOI
Gross Scheduled Income
$ 16,800    
Total Gross Income $ 16,800  
Vacancy loss
$ 0  
Gross Operating Income
$ 16,800 100.00 %
Expenses
50% rule $ 8,400 50.00 %
Total Expenses $ 8,400 50.00 %
Net Operating Income
$ 8,400 50.00 %

Cash Flow (Year 1)

Net Operating Income $ 8,400 50.00 %
Annual Debt Service $ 8,110 48.27 %
Cash Flow Before Taxes (CFBT)
$ 290 1.73 %
Income Tax Liability $ 26 0.15 %
Cash Flow After Taxes (CFAT)
$ 264 1.57 %

Operating Ratios

Operating Expense Ratio
50.00 %
Break-Even Ratio
98.27 %

Financial Measures

Net Present Value
$ 22,849
Internal Rate of Return
47.85 %
Profitability Index
12.42
Annual Depreciation $ 2,327

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
14.51 %
Return on Investment
54.51 %
Capitalization Rate
10.50 %
Gross Rental Yield
21.00 %
Gross Rent Multiplier
4.76
Financing % of ARV
Down Payment $ 16,000 20.00 %
1. Loan $ 64,000 80.00 %
2. Loan $ 16,000 20.00 %
Loan to Value Ratio
100.00 %
Loan to Cost Ratio
100.00 %
Debt Coverage Ratio 1.04
1. Loan

Financing of: Purchase price ($ 80,000)

Type Amortized
Loan Amount $ 64,000
Down payment (20%) $ 16,000
Amortization 15 years
Interest Rate 5.00 %
Monthly Payment $ 506.11
2. Loan

Financing of: Specific amount ($ 16,000)

Type Amortized
Loan Amount $ 16,000
Down payment (0%) $ 0
Amortization 10 years
Interest Rate 5.00 %
Monthly Payment $ 169.70

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
1. Loan Payment
Payment Interest Part
Payment Principal Part
2. Loan Payment
Payment Interest Part
Payment Principal Part
Total Debt Service
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 (1.00%) $ 88,370
Cap Rate (10.50%) & NOI $ 87,495
Gross Rent Multiplier $ 87,460

Sale Proceeds

Projected Selling Price $ 88,370
Costs of Sale (7.00%) $ 6,186
Net Sale Proceeds Before Tax $ 55,365

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 $ 55,365
Investor Cash Outlay $ 2,000
Net Assets $ 53,365
Average Yield
Annual Net Assets $ 5,337
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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