Investment Profile
6528 NW 163RD TER, EDMOND, OK
This 1,783 square foot home was built in 2008. In 2019, it was purchased by one of our investors for under the market value with extensive make-ready required. Our sister company NextGen performed the renovation. In the few months since purchase, the home is already in an equity position of $26,000, or 13.9%. For Year 1, the home is earning a Front end return (CAP rate) of 7.15% for a total return percentage of 21.05%. After the first year, please be advised that the back end return will be around 3.5% per year for a total return percentage of 10.65%.
| INVESTMENT | |
| Purchase Information | |
| Date of Purchase | 2019 |
| Original Purchase Price | $172,000 |
| Make-Ready Expenditures | $15,000 |
| TOTAL INVESTMENT | $187,000 |
| INCOME/EXPENSES | |
| Income | |
| Monthly Rental Income | $1,650.00 |
| Gross (monthly rent income x 12) | $19,800.00 |
| Gross Return Percentage | 10.59% |
| Expenses | |
| Taxes | $3,000.00 |
| Insurance | $1,100.00 |
| Maintenance | $0.00 |
| HOA Fees | $350.00 |
| Management Fees | $1,980.00 |
| TOTAL ANNUAL EXPENSES | $6,430.00 |
| RETURN | |
| Net Income (gross - expenses) | $13,370.00 |
| Front End Net Return (CAP Rate) | 7.15% |
| CURRENT VALUE | $213,000.00 |
| APPRECIATION/EQUITY | $26,000.00 |
| Equity/Back End Return Per Year | 13.90% |
| TOTAL ROI PERCENTAGE | 21.05% |
*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.