This is a static proforma, easily create your own dynamic proformas for FREE at www.PropertyTracker.com.
Brand New Duplex in A+ Area-Fully Rented!!
Yukon, OK 73099
6bd • 4ba • Built: 2024
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
Yukon, OK 73099
6bd • 4ba • Built: 2024
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $36,000 | $37,080 | $38,192 | $39,338 | $40,518 | $41,734 | $42,986 | $44,275 | $45,604 | $46,972 |
| Vacancy Losses | ($2,880) | ($2,966) | ($3,055) | ($3,147) | ($3,241) | ($3,339) | ($3,439) | ($3,542) | ($3,648) | ($3,758) |
| Operating Income | $33,120 | $34,114 | $35,137 | $36,191 | $37,277 | $38,395 | $39,547 | $40,733 | $41,955 | $43,214 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($5,406) | ($5,568) | ($5,735) | ($5,908) | ($6,085) | ($6,267) | ($6,455) | ($6,649) | ($6,848) | ($7,054) |
| Insurance | ($1,644) | ($1,693) | ($1,744) | ($1,796) | ($1,850) | ($1,905) | ($1,962) | ($2,021) | ($2,082) | ($2,144) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($720) | ($742) | ($764) | ($787) | ($810) | ($835) | ($860) | ($886) | ($912) | ($939) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($7,770) | ($8,003) | ($8,243) | ($8,490) | ($8,745) | ($9,007) | ($9,277) | ($9,556) | ($9,842) | ($10,138) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Operating Income | $25,350 | $26,111 | $26,894 | $27,701 | $28,532 | $29,388 | $30,270 | $31,178 | $32,113 | $33,076 |
| - Mortgage Payments | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) | ($23,651) |
| = Cash Flow | $1,699 | $2,459 | $3,243 | $4,050 | $4,881 | $5,737 | $6,618 | $7,526 | $8,462 | $9,425 |
| + Principal Reduction | $3,891 | $4,137 | $4,397 | $4,674 | $4,969 | $5,282 | $5,614 | $5,968 | $6,344 | $6,744 |
| + Appreciation | $25,950 | $27,507 | $29,157 | $30,907 | $32,761 | $34,727 | $36,811 | $39,019 | $41,360 | $43,842 |
| = Gross Equity Income | $31,540 | $34,103 | $36,797 | $39,631 | $42,611 | $45,745 | $49,043 | $52,514 | $56,166 | $60,011 |
| Capitalization Rate | 5.5% | 5.4% | 5.2% | 5.1% | 4.9% | 4.8% | 4.7% | 4.5% | 4.4% | 4.3% |
| Cash on Cash Return | 1.3% | 1.9% | 2.5% | 3.1% | 3.8% | 4.4% | 5.1% | 5.8% | 6.5% | 7.3% |
| Return on Equity | 22.9% | 20.1% | 18.1% | 16.6% | 15.4% | 14.5% | 13.7% | 13.0% | 12.4% | 11.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $458,450 | $485,957 | $515,114 | $546,021 | $578,783 | $613,510 | $650,320 | $689,339 | $730,700 | $774,542 |
| - Loan Balance | ($320,484) | ($316,347) | ($311,950) | ($307,276) | ($302,307) | ($297,026) | ($291,411) | ($285,443) | ($279,099) | ($272,356) |
| = Equity | $137,966 | $169,610 | $203,164 | $238,745 | $276,475 | $316,484 | $358,909 | $403,896 | $451,600 | $502,186 |
| Loan-to-Value Ratio | 69.9% | 65.1% | 60.6% | 56.3% | 52.2% | 48.4% | 44.8% | 41.4% | 38.2% | 35.2% |
| Potential Cash-Out Refi | $23,354 | $48,121 | $74,386 | $102,240 | $131,780 | $163,106 | $196,329 | $231,561 | $268,925 | $308,550 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $137,966 | $169,610 | $203,164 | $238,745 | $276,475 | $316,484 | $358,909 | $403,896 | $451,600 | $502,186 |
| - Closing Costs | ($32,092) | ($34,017) | ($36,058) | ($38,221) | ($40,515) | ($42,946) | ($45,522) | ($48,254) | ($51,149) | ($54,218) |
| = Proceeds After Sale | $105,875 | $135,593 | $167,106 | $200,524 | $235,960 | $273,538 | $313,386 | $355,642 | $400,451 | $447,968 |
| + Cumulative Cash Flow | $1,699 | $4,158 | $7,401 | $11,451 | $16,332 | $22,068 | $28,686 | $36,213 | $44,674 | $54,099 |
| - Approximate Cash Invested | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) | ($129,750) |
| = Net Profit | ($22,176) | $10,001 | $44,758 | $82,225 | $122,542 | $165,856 | $212,323 | $262,105 | $315,376 | $372,317 |
| Internal Rate of Return | -17.1% | 3.8% | 10.5% | 13.3% | 14.6% | 15.2% | 15.4% | 15.5% | 15.4% | 15.3% |
| Return on Investment | -17.1% | 7.7% | 34.5% | 63.4% | 94.4% | 127.8% | 163.6% | 202.0% | 243.1% | 286.9% |
Learn How to Read a Performa
