372 S Highland Ave, Pittsburgh PA 15206

372 S Highland Ave APT 403, Pittsburgh, PA 15206

Multifamily: 4 rooms: 1 bedroom , 1 bathroom

Year built: 1935, Size: 861 SF

Investment strategy: Rental Property

Purchase Price$ 158,000

Rent$ 1,350/mo

Monthly Cash Flow$ 107

Cash on Cash Return3.17 %

Financial Analysis

Cash on Cash Return	3.17 %
Internal Rate of Return (IRR)	12.85 %
Capitalization Rate	5.13 %
Gross Rent Multiplier (GRM)	9.75
Debt-coverage Ratio (DCR)	1.19
Operating Expense Ratio (OER)	50.00 %

Financial Breakdown

Purchase Price	$ 158,000
Purchase Costs	$ 2,000
Repair/Construction Costs	$ 7,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 167,000
Financing	$ 126,400
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 40,600
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.	$ 31,600
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.	$ 9,000

Operating Analysis

Rent	$ 1,350/mo
Gross Operating Income (GOI)	$ 16,200
Total Expenses	$ 8,100
Net Operating Income (NOI)	$ 8,100
Annual Debt Service	$ 6,811
Cash Flow Before Taxes (CFBT)	$ 1,289
Income Tax Liability	$ -220
Cash Flow After Taxes (CFAT)	$ 1,509

Spacious One Bedroom Apartment! Great location, close to shopping, restaurants and other attractions in the Shadyside,East Liberty and Bakery Square districts. Walk to Chatham University. This gorgeous condo welcomes you into a large open foyer, and features hardwood floors throughout.

Purchase Price	$ 158,000
Address	372 S Highland Ave APT 403, Pittsburgh, 15206, PA
Year Built	1935
Type	Multifamily
Number of Units
Size	861 SF
Bedrooms	1
Bathrooms	1
Rooms Total	4

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.	$ 16,200
Total Gross Income	$ 16,200
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.	$ 16,200	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).
50% rule	$ 8,100	50.00 %
Total Expenses	$ 8,100	50.00 %
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.	$ 8,100	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 8,100	50.00 %
Annual Debt Service	$ 6,811	42.04 %
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.	$ 1,289	7.96 %
Income Tax Liability	$ -220	-1.36 %
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.	$ 1,509	9.32 %

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).	50.00 %
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.	92.04 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	16,200	16,524	16,854	17,192	17,535	17,886	18,244	18,609	18,981	19,361
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	16,200	16,524	16,854	17,192	17,535	17,886	18,244	18,609	18,981	19,361
Expenses	0	8,100	8,262	8,427	8,596	8,768	8,943	9,122	9,304	9,490	9,680
Net Operating Income	0	8,100	8,262	8,427	8,596	8,768	8,943	9,122	9,304	9,490	9,680
1. Loan Payment	0	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811
Payment Interest Part	0	4,385	4,299	4,210	4,117	4,021	3,922	3,819	3,713	3,603	3,489
Payment Principal Part	0	2,426	2,512	2,601	2,694	2,790	2,889	2,992	3,098	3,208	3,322
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	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811	6,811
Cash Flow
Repairs/Construction	7,000	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-40,600	1,289	1,451	1,616	1,785	1,957	2,132	2,311	2,493	2,679	2,869
Depreciation	0	4,596	4,596	4,596	4,596	4,596	4,596	4,596	4,596	4,596	4,596
Taxes	0	-220	-158	-95	-29	38	106	177	249	323	399
Cash Flow After Taxes	-40,600	1,509	1,609	1,711	1,814	1,919	2,026	2,134	2,244	2,356	2,470

Note: All amounts in the table above are in $

Property Report :

372 S Highland Ave APT 403, Pittsburgh, PA 15206

Executive Summary

372 S Highland Ave APT 403, Pittsburgh, PA 15206

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast

Property Report: 372 S Highland Ave, Pittsburgh RENTAL

Property Report :

372 S Highland Ave APT 403, Pittsburgh, PA 15206

Executive Summary

372 S Highland Ave APT 403, Pittsburgh, PA 15206

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast