Rental Analysis Results

960 Greenwood

Rare opportunity to acquire charming 1920\'s era all brick apartment building in the heart of the Va-Hi. 100% occupied. All Brick building with terracotta roof tile on large lot Loaded with period details and charm including hardwood floors throughout and tall ceilings Six (6) 1 bed/1 bath updated units Large (850 sq. ft.) floorplans. Unit features a living room, separate dining room and multiple closets Six (6) dedicated parking spots behind building Private balconies/outdoor space off every unit On-site laundry facilities are located in the basement

Price $ 1,550,000

Closing Costs5,000.00
Project Cost1,555,000.00
Down Payment310,000.00
Loan Amount1,240,000.00
Amortized Over30.00
Interest Rate4.50
Monthly P/I6,282.90
Total Cash Required315,000.00
Total IncomeMonthly ExpensesNet Operating Income

$9,000

$2,779

$74,647
Monthly Cash FlowDown PaymentCash On Cash

$-62

$310,000

%-0.24

Monthly Expenses

Total Operating Expense: $2,779.42
Mortgage: $6,282.90
Property Taxes1,356Other Expenses73
P/I6,283Property Vacancy450
Management Fees450Property Repair450
Year 1Year 2Year 5Year 10Year 15Year 20Year 30
Total Annual Income$108,000.00$109,080.00$112,385.23$118,118.01$124,143.22$130,475.77$144,126.42
Total Annual Expenses$108,747.77$109,081.30$110,102.04$111,872.46$113,733.19$115,688.83$119,904.48
Operating Expenses$33,353.00$33,686.53$34,707.27$36,477.68$38,338.41$40,294.06$44,509.71
Mortgage Payment$75,394.77$75,394.77$75,394.77$75,394.77$75,394.77$75,394.77$75,394.77
Total Annual Cashflow$-747.77$-1.30$2,283.19$6,245.55$10,410.03$14,786.93$24,221.94
Cash on Cash ROI-0.24%0.00%0.72%1.98%3.30%4.69%7.69%
Property Value$1,550,000.00$1,565,500.00$1,612,936.22$1,695,212.17$1,781,685.03$1,872,568.87$2,068,481.01
Equity $330,004.01$350,927.00$419,641.83$556,891.01$728,698.96$943,767.43$1,550,000.00
Loan Balance$1,219,995.99$1,199,073.00$1,130,358.17$993,108.99$821,301.04$606,232.57$0.00
Total Profit if Sold $-78,743.76$-43,252.08$74,602.72$312,415.49$609,146.24$974,739.28$1,964,116.72
Annualized Total Return-25.00%-7.12%4.34%7.13%7.44%7.30%6.82%