1434 nw 92 jeff straka berkshire hathaway-commercial...buy and hold projection 1434 nw 92 jeff...

Property Report

1434 NW 92

Presented by:

Jeff StrakaBerkshire Hathaway-Commercial

16301 N. May AvenueEdmond, OK 73012

Office: (405)348-4422Mobile: (405)[email protected]

www.andersonpropsok.com

This is a pro forma based upon the information the seller has given Listing Agent. Broker makes no warranties or guarantees. It is recommended buyer perform their own due diligence.

www.RealEstateTools.com © 2010-2015 Real Estate Tools 1

Overview1434 NW 92 Jeff Straka

(405)[email protected]


Purchase InfoSquare Feet (4 Units) 3,840Purchase Price $190,000Initial Cash Invested $51,300

Income Analysis Monthly AnnualNet Operating Income $1,817 $21,809Cash Flow $869 $10,432

Financial MetricsCap Rate (Purchase Price) 11.5%Cash on Cash Return (Year 1) 20.3%Internal Rate of Return (Year 10) 27.3%Sale Price (Year 10) $255,344


Purchase Analysis1434 NW 92 Jeff Straka



Purchase InfoPurchase Price $190,000- First Mortgage -$142,500- Second Mortgage -$0= Downpayment $47,500+ Buying Costs $3,800+ Initial Improvements $0= Initial Cash Invested $51,300Square Feet (4 Units) 3,840Cost per Square Foot $49Monthly Rent per Square Foot $0.62Cost per Unit $47,500Average Monthly Rent per Unit $600

Mortgages First SecondLoan-To-Cost Ratio 75% 0%Loan-To-Value Ratio 75% 0%Loan Amount $142,500 $0Loan Type AmortizingTerm 30 YearsInterest Rate 7%Payment $948.06 $0.00

Financial Metrics (Year 1)Annual Gross Rent Multiplier 6.6Operating Expense Ratio 17.7%Debt Coverage Ratio 1.92Cap Rate (Purchase Price) 11.5%Cash on Cash Return 20.3%

AssumptionsAppreciation Rate 3.0%Vacancy Rate 8.0%Income Inflation Rate 3.0%Expense Inflation Rate 3.0%LTV for Refinance 70.0%Selling Costs $13,300

Income Monthly AnnualGross Rent $2,400 $28,800Vacancy Loss -$192 -$2,304Operating Income $2,208 $26,496

Expenses (% of Income) Monthly AnnualCleaning & Maintenance (2%) -$50 -$600Insurance (4%) -$79 -$950Taxes (6%) -$141 -$1,697Utilities (5%) -$120 -$1,440Operating Expenses (18%) -$391 -$4,687

Net Performance Monthly AnnualNet Operating Income $1,817 $21,809- Mortgage Payments -$948 -$11,377- Year 1 Improvements -$0 -$0= Cash Flow $869 $10,432


Buy and Hold Projection1434 NW 92 Jeff Straka



Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Gross Rent $28,800 $29,664 $30,554 $32,415 $37,577 $50,501 $67,869Vacancy Loss -$2,304 -$2,373 -$2,444 -$2,593 -$3,006 -$4,040 -$5,430Operating Income $26,496 $27,291 $28,110 $29,821 $34,571 $46,461 $62,440

Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Cleaning & Maintenance -$600 -$618 -$637 -$675 -$783 -$1,052 -$1,414Insurance -$950 -$978 -$1,008 -$1,069 -$1,240 -$1,666 -$2,239Taxes -$1,697 -$1,748 -$1,800 -$1,910 -$2,214 -$2,976 -$3,999Utilities -$1,440 -$1,483 -$1,528 -$1,621 -$1,879 -$2,525 -$3,393Operating Expenses -$4,687 -$4,828 -$4,972 -$5,275 -$6,115 -$8,219 -$11,045

Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Net Operating Income $21,809 $22,463 $23,137 $24,546 $28,456 $38,242 $51,394- Mortgage Payments -$11,377 -$11,377 -$11,377 -$11,377 -$11,377 -$11,377 -$11,372- Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0= Cash Flow $10,432 $11,087 $11,760 $13,170 $17,079 $26,865 $40,023Cap Rate (Purchase Price) 11.5% 11.8% 12.2% 12.9% 15.0% 20.1% 27.0%Cap Rate (Market Value) 11.1% 11.1% 11.1% 11.1% 11.1% 11.1% 11.1%Cash on Cash Return 20.3% 21.6% 22.9% 25.7% 33.3% 52.4% 78.0%Return on Equity 19.1% 17.9% 16.9% 15.3% 12.8% 10.3% 8.7%

Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Market Value $195,700 $201,571 $207,618 $220,262 $255,344 $343,161 $461,180- Loan Balance -$141,052 -$139,500 -$137,836 -$134,137 -$122,282 -$81,651 -$0= Equity $54,648 $62,071 $69,782 $86,125 $133,062 $261,511 $461,180Loan-to-Value Ratio 72.1% 69.2% 66.4% 60.9% 47.9% 23.8% 0.0%Potential Cash-Out Refi -$4,062 $1,600 $7,497 $20,046 $56,459 $158,562 $322,826

Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Equity $54,648 $62,071 $69,782 $86,125 $133,062 $261,511 $461,180- Selling Costs -$13,699 -$14,110 -$14,533 -$15,418 -$17,874 -$24,021 -$32,283= Proceeds After Sale $40,949 $47,961 $55,249 $70,706 $115,188 $237,489 $428,897+ Cumulative Cash Flow $10,432 $21,519 $33,279 $58,903 $136,249 $358,482 $696,276- Initial Cash Invested -$51,300 -$51,300 -$51,300 -$51,300 -$51,300 -$51,300 -$51,300= Net Profit $81 $18,180 $37,228 $78,310 $200,137 $544,671 $1,073,873Internal Rate of Return 0.2% 17.9% 23.5% 26.8% 27.3% 26.3% 26.0%Return on Investment 0% 35% 73% 153% 390% 1,062% 2,093%


Graphs1434 NW 92 Jeff Straka



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Photos1434 NW 92 Jeff Straka



Quadraplex For Sale in NW Oklahoma City


Photos1434 NW 92 Jeff Straka




1434 nw 92 jeff straka berkshire hathaway-commercial...buy and hold projection 1434 nw 92 jeff...

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