8 UNITSRENOVATED 2019
2BED LAYOUTS
OKLAHOMA CITY, OKBroker of Record: Toby Brown
&
.................. ..$1,226
NUMBER OF UNITS ............................8AVE.MONTHLY INCOME/UNIT.... $790GROSS MONTLHY OI.................$6,320
PROPERTY
MONTHLY OPERATING INCOME
REAL ESTATE TAXES ...........................................$556
PROPERTY INSURANCE ............................ ...... . $230UTILITIES ..................................................................... $240
MAINTENANCE AND REPAIRS .................... $200
MONTHLY OPERATING
OPERATING
TOTAL OPERATING
TOTAL OPERATING INCOME ................ $75,840
EXPENSES .......... $14,712
NET OPERATING INCOME (NOI)
ANNUAL NOI ......... $61,128
MONTHLY CASH FLOW (before taxes) .....$1,873.07
CASH FLOW & ROI
ANNUALCASH FLOW (before taxes) ....$22,476.84CASH on CASH RETURN (ROI) .............................14.5%
EXA
MPL
E
Penn Oaks Cash Flow AnalysisTwo 4-Plex Buildings 2319&2325 NW 12th
Monthly Operating Income Number of Units: 8Average Monthly Rent per Unit:.........$ 750.00Total Rental Income:..........................$ 6,000.00% Vacancy and Credit Losses:............ 0.00%Total Vacancy Loss:...........................$ 0.00Other Monthly Income:.......................$ 320.00 (laundry, vending, parking, etc.):.......$ 0.00Gross Monthly Operating Income:.....$ 6,320.00Monthly Operating ExpensesRepairs and Maintenance:.................$ 200.00Real Estate Taxes:.............................$ 556.00Rental Property Insurance:................$ 230.00 Utilities- Water and Sewer :............................$ 240.00- Garbage- Cable, Phone, Internet- Pest ControlMonthly Operating Expenses:............$ 1,226.00Net Operating Income (NOI)Total Annual Operating Income:........$ Total Annual Operating Expense:......$ Annual Net Operating Income:..........$
75,840.00
14,712.00
61,128.00Capitalization Rate and ValuationDesired Capitalization Rate: .............. Property Valuation (Offer Price):.......$ Actual Purchase Price:......................$
8.15% 750,000.00 730,000.00
Actual Capitalization Rate:................ 8.37%Loan InformationDown Payment:.................................$ Loan Amount:....................................$
150,000.00 600,000.00
Acquisition Costs and Loan Fees:....$ 5,000.00Length of Mortgage (years):............... Annual Interest Rate:......................... Initial Investment:.............................$
30 5.0%
155,000.00 Monthly Mortgage Payment (PI):.......$ Annual Interest:.................................$
3,220.93 29,650.50
Annual Principal:...............................$ Total Annual Debt Service:...............$
9,000.65 38,651.15
Cash Flow and ROITotal Monthly Cash Flow:..................$ 1,873.07 (before taxes/after debt services)Total Annual Cash Flow:....................$ 22,476.84 (before taxes/after debt services) Cash on Cash Return (ROI):.............. 14.50%