Property Report :

493 liberty

493 Liberty St, Meriden, CT 06450

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Real Estate Analysis

Created on: Apr 15, 2025

Author: Ty Spencer

493 Liberty St, Meriden, CT 06450

Singlefamily: 4 rooms: 2 bedrooms , 1 bathroom

Year built: 1956, Size: 900 SF

Investment strategy: Rental Property

Purchase Price$ 46,000

Rent$ 1,300/mo

Monthly Cash Flow$ 408

Cash on Cash Return26.91 %

Financial Analysis

Cash on Cash Return	26.91 %
Internal Rate of Return (IRR)	24.17 %
Capitalization Rate	7.43 %
Gross Rent Multiplier (GRM)	6.73
Debt-coverage Ratio (DCR)	2.69
Operating Expense Ratio (OER)	50.00 %
After Repair Value	$ 105,000
Profit/Equity From Rehab	$ 42,400

Financial Breakdown

Purchase Price	$ 46,000
Purchase Costs	$ 1,600
Repair/Construction Costs	$ 15,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 62,600
Financing	$ 44,390
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 18,210
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.	$ 1,610
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.	$ 16,600

Operating Analysis

Rent	$ 1,300/mo
Gross Operating Income (GOI)	$ 15,600
Total Expenses	$ 7,800
Net Operating Income (NOI)	$ 7,800
Annual Debt Service	$ 2,900
Cash Flow Before Taxes (CFBT)	$ 4,900
Income Tax Liability	$ 1,050
Cash Flow After Taxes (CFAT)	$ 3,849

Purchase Price	$ 46,000
Address	493 Liberty St , Meriden, 06450, CT
Year Built	1956
Type	Singlefamily
Size	900 SF
Bedrooms	2
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.	$ 15,600
Total Gross Income	$ 15,600
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.	$ 15,600	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	$ 7,800	50.00 %
Total Expenses	$ 7,800	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.	$ 7,800	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 7,800	50.00 %
Annual Debt Service	$ 2,900	18.59 %
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.	$ 4,900	31.41 %
Income Tax Liability	$ 1,050	6.73 %
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.	$ 3,849	24.67 %

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.	68.59 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
Operational Analysis
Gross Scheduled Income	0	15,600	15,912	16,230	16,555	16,886	17,224	17,568	17,919	18,278	18,643	19,016	19,397	19,785	20,180	20,584	20,996	21,415	21,844	22,281	22,726	23,181	23,644	24,117	24,600	25,092	25,593	26,105	26,627	27,160	27,703
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	15,600	15,912	16,230	16,555	16,886	17,224	17,568	17,919	18,278	18,643	19,016	19,397	19,785	20,180	20,584	20,996	21,415	21,844	22,281	22,726	23,181	23,644	24,117	24,600	25,092	25,593	26,105	26,627	27,160	27,703
Expenses	0	7,800	7,956	8,115	8,277	8,443	8,612	8,784	8,960	9,139	9,322	9,508	9,698	9,892	10,090	10,292	10,498	10,708	10,922	11,140	11,363	11,590	11,822	12,059	12,300	12,546	12,797	13,053	13,314	13,580	13,852
Net Operating Income	0	7,800	7,956	8,115	8,277	8,443	8,612	8,784	8,960	9,139	9,322	9,508	9,698	9,892	10,090	10,292	10,498	10,708	10,922	11,140	11,363	11,590	11,822	12,059	12,300	12,546	12,797	13,053	13,314	13,580	13,852
Loan Payment	0	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900	2,900
Payment Interest Part	0	2,260	2,226	2,191	2,154	2,115	2,074	2,030	1,984	1,936	1,886	1,833	1,777	1,718	1,656	1,590	1,521	1,449	1,373	1,293	1,208	1,120	1,026	928	824	716	601	480	353	220	79
Payment Principal Part	0	640	674	709	746	786	827	870	916	964	1,015	1,068	1,124	1,183	1,245	1,310	1,379	1,451	1,527	1,608	1,692	1,781	1,874	1,972	2,076	2,185	2,299	2,420	2,547	2,681	2,821
Cash Flow
Repairs/Construction	15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-18,210	4,900	5,056	5,215	5,377	5,543	5,711	5,884	6,059	6,239	6,421	6,608	6,798	6,992	7,190	7,392	7,597	7,807	8,022	8,240	8,463	8,690	8,922	9,158	9,399	9,645	9,896	10,152	10,413	10,680	10,951
Depreciation	0	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338	1,338
Taxes	0	1,050	1,098	1,147	1,196	1,248	1,300	1,354	1,409	1,466	1,524	1,584	1,646	1,709	1,774	1,841	1,910	1,980	2,053	2,127	2,204	2,283	2,364	2,448	2,534	2,623	2,714	2,809	2,906	3,006	3,109
Cash Flow After Taxes	-18,210	3,849	3,958	4,068	4,181	4,295	4,411	4,530	4,650	4,772	4,897	5,023	5,152	5,283	5,416	5,551	5,688	5,827	5,969	6,113	6,259	6,407	6,557	6,710	6,865	7,022	7,182	7,344	7,508	7,674	7,843

Note: All amounts in the table above are in $

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