Property Report :

58 Cherry St

58 Cherry St, Malden, MA 02148

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Aidan McCarthy

58 Cherry St, Malden, MA 02148

Multifamily: 10 rooms: 6 bedrooms , 2 bathrooms

Year built: 1900, Size: 2422 SF

Investment strategy: Rental Property

Purchase Price$ 500,000

Rent$ 4,500/mo

Monthly Cash Flow$ 36

Cash on Cash Return0.73 %

Financial Analysis

Cash on Cash Return	0.73 %
Internal Rate of Return (IRR)	13.26 %
Capitalization Rate	5.40 %
Gross Rent Multiplier (GRM)	9.26
Debt-coverage Ratio (DCR)	1.02
Operating Expense Ratio (OER)	50.00 %

Financial Breakdown

Purchase Price	$ 500,000
Purchase Costs	$ 10,000
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).	$ 510,000
Financing	$ 450,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 60,000
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.	$ 10,000

Operating Analysis

Rent	$ 4,500/mo
Gross Operating Income (GOI)	$ 54,000
Total Expenses	$ 27,000
Net Operating Income (NOI)	$ 27,000
Annual Debt Service	$ 26,565
Cash Flow Before Taxes (CFBT)	$ 435
Income Tax Liability	$ -1,631
Cash Flow After Taxes (CFAT)	$ 2,066

Purchase Price	$ 500,000
Address	58 Cherry St , Malden, 02148, MA
Year Built	1900
Type	Multifamily
Number of Units	2
Size	2422 SF
Bedrooms	6
Bathrooms	2
Rooms Total	10

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.	$ 54,000
Total Gross Income	$ 54,000
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.	$ 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.	$ 54,000	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	$ 27,000	50.00 %
Total Expenses	$ 27,000	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.	$ 27,000	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 27,000	50.00 %
Annual Debt Service	$ 26,565	49.19 %
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.	$ 435	0.81 %
Income Tax Liability	$ -1,631	-3.02 %
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.	$ 2,066	3.83 %

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.	99.19 %

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	54,000	55,080	56,182	57,305	58,451	59,620	60,813	62,029	63,270	64,535	65,826	67,142	68,485	69,855	71,252	72,677	74,130	75,613	77,125	78,668	80,241	81,846	83,483	85,153	86,856	88,593	90,365	92,172	94,015	95,896
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	54,000	55,080	56,182	57,305	58,451	59,620	60,813	62,029	63,270	64,535	65,826	67,142	68,485	69,855	71,252	72,677	74,130	75,613	77,125	78,668	80,241	81,846	83,483	85,153	86,856	88,593	90,365	92,172	94,015	95,896
Expenses	0	27,000	27,540	28,091	28,653	29,226	29,810	30,406	31,015	31,635	32,268	32,913	33,571	34,243	34,927	35,626	36,338	37,065	37,807	38,563	39,334	40,121	40,923	41,741	42,576	43,428	44,296	45,182	46,086	47,008	47,948
Net Operating Income	0	27,000	27,540	28,091	28,653	29,226	29,810	30,406	31,015	31,635	32,268	32,913	33,571	34,243	34,927	35,626	36,338	37,065	37,807	38,563	39,334	40,121	40,923	41,741	42,576	43,428	44,296	45,182	46,086	47,008	47,948
Loan Payment	0	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565	26,565
Payment Interest Part	0	18,978	18,650	18,307	17,949	17,575	17,186	16,779	16,355	15,913	15,451	14,969	14,467	13,943	13,396	12,825	12,229	11,608	10,960	10,284	9,578	8,842	8,074	7,272	6,436	5,564	4,654	3,704	2,714	1,680	602
Payment Principal Part	0	7,586	7,915	8,258	8,616	8,989	9,379	9,786	10,210	10,652	11,114	11,595	12,098	12,622	13,169	13,740	14,335	14,957	15,605	16,281	16,987	17,723	18,491	19,292	20,128	21,001	21,911	22,860	23,851	24,885	25,963
Cash Flow
Repairs/Construction	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
Cash Flow Before Taxes	-60,000	435	975	1,526	2,088	2,661	3,245	3,842	4,450	5,070	5,703	6,348	7,006	7,678	8,363	9,061	9,774	10,500	11,242	11,998	12,769	13,556	14,358	15,177	16,012	16,863	17,732	18,618	19,521	20,443	21,383
Depreciation	0	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545	14,545
Taxes	0	-1,631	-1,414	-1,190	-960	-724	-480	-229	29	294	568	850	1,140	1,439	1,747	2,064	2,391	2,728	3,075	3,434	3,803	4,183	4,576	4,981	5,399	5,830	6,274	6,733	7,207	7,696	8,200
Cash Flow After Taxes	-60,000	2,066	2,389	2,716	3,048	3,385	3,726	4,071	4,421	4,776	5,135	5,498	5,867	6,239	6,616	6,997	7,383	7,772	8,166	8,564	8,966	9,372	9,782	10,196	10,613	11,033	11,457	11,884	12,314	12,747	13,183

Note: All amounts in the table above are in $

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