Renovated SFR in Davenport Iowa
Davenport, IA 52803
Renovated duplex - Built 1900
| General Information | |
|---|---|
| Square Feet | 2,695 |
| Purchase Price | $229,000 |
| Initial Market Value | $229,000 |
| Downpayment | $229,000 |
| Closing Costs | $3,435 |
| Initial Cash Invested | $232,435 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $2,325 | $27,900 |
| Vacancy Losses | $186 | $2,232 |
| Operating Income | $2,139 | $25,668 |
| Operating Expenses | $724 | $8,692 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 7.4% |
| Cash on Cash Return | 7% |
| Total Return on Investment | 10% |
| Net Performance | Monthly | Annual |
|---|---|---|
| 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 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 3% |
| Vacancy Rate | 8% |
| Management Fee | 10% |
| 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.