Renovated SFR in Davenport Iowa

Davenport, IA 52803
Renovated duplex - Built 1900
Property photo 0.
General Information
Square Feet2,695
Initial Market Value$229,000
Purchase Price$229,000
Downpayment$229,000
Loan Origination Fees$0
Depreciable Closing Costs$3,435
Other Closing Costs and Fixup$0
Initial Cash Invested$232,435
Cost per Square Foot$85
Monthly Rent per Square Foot$0.86
IncomeMonthlyAnnual
Gross Rent$2,325$27,900
Vacancy Losses($186)($2,232)
Operating Income$2,139$25,668
ExpensesMonthlyAnnual
Property Taxes($172)($2,061)
Insurance($153)($1,832)
Management Fees($214)($2,567)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($186)($2,232)
Other$0$0
Operating Expenses($724)($8,692)
Net PerformanceMonthlyAnnual
Net Operating Income$1,415$16,976
- Mortgage Payments$0$0
= Cash Flow$1,415$16,976
+ Principal Reduction$0$0
+ First-Year Appreciation$573$6,870
= Gross Equity Income$1,987$23,846
+ Tax Savings$0$0
= GEI w/Tax Savings$1,987$23,846
Mortgage InfoFirstSecond
Loan-to-Value Ratio0%0%
Loan Amount$0$0
Monthly Payment$0.00$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate0.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage RatioN/A
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier98
Capitalization Rate7.4%
Cash on Cash Return7%
Total Return on Investment10%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate8%
Management Fee10%
Maintenance Percentage8%
Comments
Completely renovated, tenants just moved in. 190,000 renovation. new roof, siding, plumbing (most), electrical (most), exterior paint, new kitchens, bathrooms, flooring, fixtures, windows. New mini splits in each unit.

in Davenports "dream" corridor
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.