708 S 82nd Street - padeals.com Listings/14315129_24_708 S... · Overview 708 S 82nd Street 708 S. 82nd Street Harrisburg, PA 17111 717-901-7763 Purchase Info Square Feet 1,484 Initial

Property Report

708 S 82nd Street708 S. 82nd Street

Harrisburg, PA 17111

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Office: 717-901-7763Mobile: 717-975-7814

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Overview708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

Purchase InfoSquare Feet 1,484Initial Market Value $154,900Purchase Price $149,900Initial Cash Invested $33,728

Income Analysis Monthly AnnualNet Operating Income $770 $9,236Cash Flow $162 $1,945

Financial MetricsCap Rate (Purchase Price) 6.2%Cash on Cash Return (Year 1) 5.8%Internal Rate of Return (Year 10) 16.1%Sale Price (Year 10) $208,173

Class A Asset Townhouse Year Built- 2008 Beds / Baths- 2/2.5 Sq. Ft. - 1,484 Parking- Off Street Heating - EHP/CA. Description - Beautiful views from the front porch and the walk out FINISHED basement. Raised deck that overlooks spacious and beautiful yard areas. Stunning Kitchen showcases Dark Wood cabinetry with Island, Eat-In Kitchen, Slider Door to Deck and Private Back Yard, Wood Floors, Spacious TWO Master Bedroom Suites.The Woodlands is a sanctuary nestled in the beautiful, rolling hills of Swatara Township of Dauphin County. With sprawling woodlands and spectacular views serving as the backdrop and inspiration, you will be surrounded by natural landscaped beauty, convenience and comfort to Central Pennsylvania.


Purchase Analysis708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

Purchase InfoInitial Market Value $154,900Purchase Price $149,900- First Mortgage -$119,920- Second Mortgage -$0= Downpayment $29,980+ Buying Costs $3,748+ Initial Improvements $0= Initial Cash Invested $33,728Square Feet 1,484Cost per Square Foot $101Monthly Rent per Square Foot $0.92

Mortgages First SecondLoan-To-Cost Ratio 80% 0%Loan-To-Value Ratio 77.42% 0%Loan Amount $119,920 $0Loan Type AmortizingTerm 30 YearsInterest Rate 4.5%Payment $607.62 $0.00

Financial Metrics (Year 1)Annual Gross Rent Multiplier 9.2Operating Expense Ratio 41.9%Debt Coverage Ratio 1.27Cap Rate (Purchase Price) 6.2%Cash on Cash Return 5.8%

AssumptionsAppreciation Rate 3.0%Vacancy Rate 3.0%Income Inflation Rate 1.0%Expense Inflation Rate 1.0%LTV for Refinance 80.0%Selling Costs $7,745

Income Monthly AnnualGross Rent $1,365 $16,380Vacancy Loss -$41 -$491Operating Income $1,324 $15,889

Expenses (% of Income) Monthly AnnualInsurance (3%) -$33 -$400Management Fees (6%) -$79 -$953Taxes (20%) -$267 -$3,206Utilities (0%) -$0 -$0HOA Fees (7%) -$95 -$1,140Tenant Placement Reserve (3%) -$40 -$477Repairs And Maint. Reserve (3%) -$40 -$477Operating Expenses (42%) -$554 -$6,653

Net Performance Monthly AnnualNet Operating Income $770 $9,236- Mortgage Payments -$608 -$7,291- Year 1 Improvements -$0 -$0= Cash Flow $162 $1,945


Buy and Hold Projection708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Gross Rent $16,380 $16,544 $16,709 $17,045 $17,915 $19,789 $21,859Vacancy Loss -$491 -$496 -$501 -$511 -$537 -$594 -$656Operating Income $15,889 $16,047 $16,208 $16,534 $17,377 $19,195 $21,203

Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Insurance -$400 -$404 -$408 -$416 -$437 -$483 -$534Management Fees -$953 -$963 -$972 -$992 -$1,043 -$1,152 -$1,272Taxes -$3,206 -$3,238 -$3,270 -$3,336 -$3,506 -$3,873 -$4,278Utilities -$0 -$0 -$0 -$0 -$0 -$0 -$0HOA Fees -$1,140 -$1,151 -$1,163 -$1,186 -$1,247 -$1,377 -$1,521Tenant Placement Reserve -$477 -$481 -$486 -$496 -$521 -$576 -$636Repairs And Maint. Reserve -$477 -$481 -$486 -$496 -$521 -$576 -$636Operating Expenses -$6,653 -$6,719 -$6,786 -$6,923 -$7,276 -$8,037 -$8,878

Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Net Operating Income $9,236 $9,328 $9,422 $9,611 $10,101 $11,158 $12,325- Mortgage Payments -$7,291 -$7,291 -$7,291 -$7,291 -$7,291 -$7,291 -$7,289- Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0= Cash Flow $1,945 $2,037 $2,130 $2,320 $2,810 $3,867 $5,036Cap Rate (Purchase Price) 6.2% 6.2% 6.3% 6.4% 6.7% 7.4% 8.2%Cap Rate (Market Value) 5.8% 5.7% 5.6% 5.4% 4.9% 4.0% 3.3%Cash on Cash Return 5.8% 6.0% 6.3% 6.9% 8.3% 11.5% 14.9%Return on Equity 4.7% 4.2% 3.8% 3.3% 2.5% 1.7% 1.3%

Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Market Value $159,547 $164,333 $169,263 $179,572 $208,173 $279,767 $375,983- Loan Balance -$117,985 -$115,962 -$113,845 -$109,316 -$96,043 -$58,627 -$0= Equity $41,562 $48,372 $55,418 $70,255 $112,130 $221,139 $375,983Loan-to-Value Ratio 74.0% 70.6% 67.3% 60.9% 46.1% 21.0% 0.0%Potential Cash-Out Refi $9,652 $15,505 $21,565 $34,341 $70,495 $165,186 $300,786

Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Equity $41,562 $48,372 $55,418 $70,255 $112,130 $221,139 $375,983- Selling Costs -$7,977 -$8,217 -$8,463 -$8,979 -$10,409 -$13,988 -$18,799= Proceeds After Sale $33,584 $40,155 $46,955 $61,277 $101,721 $207,151 $357,184+ Cumulative Cash Flow $1,945 $3,981 $6,112 $10,656 $23,714 $57,538 $102,531- Initial Cash Invested -$33,728 -$33,728 -$33,728 -$33,728 -$33,728 -$33,728 -$33,728= Net Profit $1,801 $10,409 $19,339 $38,205 $91,708 $230,961 $425,988Internal Rate of Return 5.3% 14.8% 17.1% 17.7% 16.1% 13.4% 11.9%Return on Investment 5% 31% 57% 113% 272% 685% 1,263%


Graphs708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

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Gorgeous Kitchen With Cherry Cabinets (Appliance Pkg Included)708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Kitchen, Dining, Looking Towards Front Room708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Living Room, Front Door708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Living Room Looking Towards Dining Room And French Doors708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Deck Overlooking Scenic Woodland Beauty In Private Back Yard708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Master Bath708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763


Photos708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

Front Door French Doors

Living Room Living And Dining Room

Lots Of Natural Light, Beautiful Wood Floors Master Suite #1


Photos708 S 82nd Street708 S. 82nd StreetHarrisburg, PA 17111

717-901-7763

Walk In Closet Master Suite #2

Spacious Rooms With 9' Ft Ceilings Basement

Huge Finished Walk-Out Basement


Documents

708 S 82nd Street - padeals.com Listings/14315129_24_708 S... · Overview 708 S 82nd Street 708 S. 82nd Street Harrisburg, PA 17111 717-901-7763 Purchase Info Square Feet 1,484 Initial