Financial Summary
Purchase Price: $1,500,000
Net Operating Income (NOI): $132,671.65
Annual Debt Service: $45,508.90
Cash Flow (Before Tax): $87,162.75
Investment Metrics
Cap Rate 8.85
This is still strong, especially for multifamily in many markets. Typically, anything above 78 is attractive.
Cash on Cash Return Assuming 20 down payment = $300,000:Cash on Cash Return=29.05
This is excellent high CoC returns like this are uncommon in many real estate markets.
Debt Coverage Ratio (DCR)=2.92
Conclusion
At a $1.5M price point, this is a robust investment:
8.85 Cap Rate solid and above average
29 Cash on Cash Return very high
Excellent DCR well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long term growth potential.
Financial Summary
Purchase Price: $1,500,000
Net Operating Income (NOI): $132,671.65
Annual Debt Service: $45,508.90
Cash Flow (Before Tax): $87,162.75
Investment Metrics
Cap Rate 8.85
This is still strong, especially for multifamily in many markets. Typically, anything above 78 is attractive.
Cash on Cash Return Assuming 20 down payment = $300,000:Cash on Cash Return=29.05
This is excellent high CoC returns like this are uncommon in many real estate markets.
Debt Coverage Ratio (DCR)=2.92
Conclusion
At a $1.5M price point, this is a robust investment:
8.85 Cap Rate solid and above average
29 Cash on Cash Return very high
Excellent DCR well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long term growth potential.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Fence, Private Mailbox
Flooring: Hardwood, Tile
Living Area: 5160.00
Roof: Shingle
Property Information
Property Condition: Completed
Land Information
Lot Features: City Limits, Near Public Transit, Oversized Lot, Paved
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