Property Report :

917 Ohio Ave, Ashtabula, OH 44004

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Real Estate Analysis

Created on: Apr 14, 2025

Author: Adam Weagraff

917 Ohio Ave, Ashtabula, OH 44004

Multifamily: 8 rooms: 4 bedrooms , 3 bathrooms

Year built: 1940, Size: 2182 SF

Investment strategy: Rental Property

Purchase Price$ 75,000

Rent$ 1,500/mo

Monthly Cash Flow$ 750

Cash on Cash Return7.96 %

Financial Analysis

Cash on Cash Return	7.96 %
Internal Rate of Return (IRR)	8.43 %
Capitalization Rate	9.57 %
Gross Rent Multiplier (GRM)	5.22
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	50.00 %
After Repair Value	$ 94,000

Financial Breakdown

Purchase Price	$ 75,000
Purchase Costs	$ 18,000
Repair/Construction Costs	$ 20,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 113,000
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 113,000
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.	$ 0
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.	$ 113,000

Operating Analysis

Rent	$ 1,500/mo
Gross Operating Income (GOI)	$ 18,000
Total Expenses	$ 9,000
Net Operating Income (NOI)	$ 9,000
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 9,000
Income Tax Liability	$ 1,705
Cash Flow After Taxes (CFAT)	$ 7,296

Purchase Price	$ 75,000
Address	917 Ohio Ave , Ashtabula, 44004, OH
Year Built	1940
Type	Multifamily
Number of Units	3
Size	2182 SF
Bedrooms	4
Bathrooms	3
Rooms Total	8

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.	$ 18,000
Total Gross Income	$ 18,000
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.	$ 18,000	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	$ 9,000	50.00 %
Total Expenses	$ 9,000	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.	$ 9,000	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 9,000	50.00 %
Annual Debt Service	$ 0	0.00 %
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.	$ 9,000	50.00 %
Income Tax Liability	$ 1,705	9.47 %
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.	$ 7,296	40.53 %

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.	50.00 %

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	18,000	18,360	18,727	19,102	19,484	19,873	20,271	20,676	21,090	21,512	21,942	22,381	22,828	23,285	23,751	24,226	24,710	25,204	25,708	26,223	26,747	27,282	27,828	28,384	28,952	29,531	30,122	30,724	31,338	31,965
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	18,000	18,360	18,727	19,102	19,484	19,873	20,271	20,676	21,090	21,512	21,942	22,381	22,828	23,285	23,751	24,226	24,710	25,204	25,708	26,223	26,747	27,282	27,828	28,384	28,952	29,531	30,122	30,724	31,338	31,965
Expenses	0	9,000	9,180	9,364	9,551	9,742	9,937	10,135	10,338	10,545	10,756	10,971	11,190	11,414	11,642	11,875	12,113	12,355	12,602	12,854	13,111	13,374	13,641	13,914	14,192	14,476	14,765	15,061	15,362	15,669	15,983
Net Operating Income	0	9,000	9,180	9,364	9,551	9,742	9,937	10,135	10,338	10,545	10,756	10,971	11,190	11,414	11,642	11,875	12,113	12,355	12,602	12,854	13,111	13,374	13,641	13,914	14,192	14,476	14,765	15,061	15,362	15,669	15,983
Cash Flow
Repairs/Construction	20,000	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	-113,000	9,000	9,180	9,364	9,551	9,742	9,937	10,135	10,338	10,545	10,756	10,971	11,190	11,414	11,642	11,875	12,113	12,355	12,602	12,854	13,111	13,374	13,641	13,914	14,192	14,476	14,765	15,061	15,362	15,669	15,983
Depreciation	0	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182	2,182
Taxes	0	1,705	1,750	1,795	1,842	1,890	1,939	1,988	2,039	2,091	2,143	2,197	2,252	2,308	2,365	2,423	2,483	2,543	2,605	2,668	2,732	2,798	2,865	2,933	3,003	3,073	3,146	3,220	3,295	3,372	3,450
Cash Flow After Taxes	-113,000	7,296	7,431	7,568	7,709	7,852	7,998	8,147	8,299	8,454	8,612	8,774	8,938	9,106	9,277	9,452	9,630	9,812	9,997	10,186	10,379	10,576	10,776	10,981	11,190	11,402	11,620	11,841	12,067	12,297	12,532

Note: All amounts in the table above are in $

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