Investment Profile
1609 NW 149TH ST, EDMOND, OK 73013
This 1,500 square foot home was built in 2005. In 2013, it was purchased by one of our investors with minimal make-ready required. Since the time of purchase, the value has appreciated at a rate of 3.22% per year and the home is earning a CAP rate of 7.59% for a total return percentage of 10.81%.
| INVESTMENT | |
| Purchase Information | |
| Date of Purchase | 2013 |
| Original Purchase Price | $118,000 |
| Make-Ready Expenditures | $2,000 |
| TOTAL INVESTMENT | $120,000 |
| INCOME/EXPENSES | |
| Income | |
| Monthly Rental Income | $1,200.00 |
| Gross (monthly rent income x 12) | $14,400.00 |
| Gross Return Percentage | 12.00% |
| Expenses | |
| Taxes | $1,900.00 |
| Insurance | $1,000.00 |
| Maintenance | $825.00 |
| HOA Fees | $125.00 |
| Management Fees | $1,440.00 |
| TOTAL ANNUAL EXPENSES | $5,290.00 |
| RETURN | |
| Net Income (gross - expenses) | $9,110.00 |
| Front End Net Return (CAP Rate) | 7.59% |
| CURRENT VALUE | $150,000.00 |
| APPRECIATION/EQUITY | $30,000.00 |
| Equity/Back End Return Per Year | 3.22% |
| TOTAL ROI PERCENTAGE | 10.81% |
*Please note that not every deal is the same. Please be advised that if you will acquire a loan for your investment purchase, you will need a minimum of 15% of the purchase price for the down payment. Please note that if you put down less than 20%, you will likely have to pay PMI and a higher interest rate. Down payments of 25% or higher will result in lower interest rates.