Property Report: 610HarvardRd#E RENTAL

Property Report :

610HarvardRd#E

610 E Harvard Rd, Burbank, CA 91501

Created on: Apr 16, 2025

Author: Thai Lam

610 E Harvard Rd, Burbank, CA 91501

Condominium: 2 bedrooms , 2 bathrooms

Year built: 1989, Size: 940 SF

Investment strategy: Rental Property

Purchase Price$ 254,900
Rent$ 1,700/mo
Monthly Cash Flow$ 81
Cash on Cash Return1.31 %

Financial Analysis

Cash on Cash Return 1.31 %
Internal Rate of Return (IRR) 8.42 %
Capitalization Rate 5.15 %
Gross Rent Multiplier (GRM) 12.64
Debt-coverage Ratio (DCR) 1.08
Operating Expense Ratio (OER) 29.19 %
After Repair Value $ 257,900

Financial Breakdown

Purchase Price $ 254,900
Purchase Costs $ 7,500
Repair/Construction Costs $ 3,000
Total Capital Needed
$ 265,400
Financing $ 191,175
Total Cash Needed
$ 74,225
Cash at Closing
$ 63,725
Cash During Rehab
$ 10,500

Operating Analysis

Rent $ 1,700/mo
Gross Operating Income (GOI) $ 18,768
Total Expenses $ 5,478
Net Operating Income (NOI) $ 13,290
Annual Debt Service $ 12,315
Cash Flow Before Taxes (CFBT) $ 975
Income Tax Liability $ 0
Cash Flow After Taxes (CFAT) $ 975
Purchase Price $ 254,900
Address 610 E Harvard Rd , Burbank, 91501, CA
Year Built 1989
Type Condominium
Size 940 SF
Bedrooms 2
Bathrooms 2
610 E Harvard Rd Burbank, CA 91501
  • $ 257,900

    Property ARV
  • Condominium

    Bldg type
  • 940

    SqFt
  • $ 274

    per SqFt
  • 2

    Beds
  • 2

    Baths

It wasn't possible to load comps automatically for this address. You can add them manually below. Click here to see automatically selected comps on Redfin®

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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
$ 20,400    
Total Gross Income $ 20,400  
Vacancy loss
$ 1,632  
Gross Operating Income
$ 18,768 100.00 %
Expenses
Repairs $ 1,800 9.59 %
Prop_taxes $ 3,186 16.98 %
Prop_insurance $ 492 2.62 %
Total Expenses $ 5,478 29.19 %
Net Operating Income
$ 13,290 70.81 %

Cash Flow (Year 1)

Net Operating Income $ 13,290 70.81 %
Annual Debt Service $ 12,315 65.62 %
Cash Flow Before Taxes (CFBT)
$ 975 5.19 %
Income Tax Liability $ 0 0.00 %
Cash Flow After Taxes (CFAT)
$ 975 5.19 %

Operating Ratios

Operating Expense Ratio
29.19 %
Break-Even Ratio
94.81 %

Financial Measures

Net Present Value
$ -8,831
Internal Rate of Return
8.42 %
Profitability Index
0.88
Annual Depreciation $ 2,781

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
1.31 %
Return on Investment
4.75 %
Capitalization Rate
5.15 %
Gross Rental Yield
8.00 %
Gross Rent Multiplier
12.64
Financing % of ARV
Down Payment $ 63,725 24.71 %
Loan $ 191,175 74.13 %
Loan to Value Ratio
75.00 %
Loan to Cost Ratio
74.13 %
Debt Coverage Ratio 1.08
Loan

Financing of: Purchase price ($ 254,900)

Type Amortized
Loan Amount $ 191,175
Down payment (25%) $ 63,725
Amortization 30 years
Interest Rate 5.00 %
Monthly Payment $ 1,026.27

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
Loan Payment
Payment Interest Part
Payment Principal Part
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%) $ 284,882
Cap Rate (5.21%) & NOI $ 395,716
Gross Rent Multiplier $ 400,019

Sale Proceeds

Projected Selling Price $ 284,882
Costs of Sale (7.00%) $ 19,942
Net Sale Proceeds Before Tax $ 109,435

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 $ 109,435
Investor Cash Outlay $ 74,225
Net Assets $ 35,210
Average Yield
Annual Net Assets $ 3,521
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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