Property Information
Renovated SFR in Davenport Iowa
Davenport, IA 52803
Renovated Fourplex - Built 1914
| General Information | |
|---|---|
| Square Feet | 2,340 |
| Purchase Price | $399,000 |
| Initial Market Value | $399,000 |
| Downpayment | $99,750 |
| Closing Costs | $108,978 |
| Initial Cash Invested | $208,728 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $7,200 | $86,400 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $7,200 | $86,400 |
| Operating Expenses | $3,612 | $43,347 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 10.8% |
| Cash on Cash Return | 10% |
| Total Return on Investment | 17% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $3,588 | $43,053 |
| - Mortgage Payments | $1,891 | $22,698 |
| = Cash Flow | $1,696 | $20,355 |
| + Principal Reduction | $279 | $3,345 |
| + First-Year Appreciation | $998 | $11,970 |
| = Gross Equity Income | $2,972 | $35,670 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 3% |
| Vacancy Rate | 0% |
| Management Fee | 10% |
| Comments |
|---|
| Completely renovated (275,000 reno) Really nice part of town near hospitals, parks. "other costs" pay for all 4 units furnishing. Spent approximately 25k per unit. 4 units.. 3 bed, 2 bad, studio and 1 bedroom all short or mid term rentals. M |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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