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Commercial & investment · Demonstration listing
Fully Leased Brick Fourplex
Columbus, OH
Well-kept fourplex with separately metered units and long-term tenants. Seller financing at a below-market rate.
- Type
- Fourplex
- Units (doors)
- 4
- Sq ft
- 4,200
- Year built
- 2015
Seller terms
Owner Financing Details
Seller-financed amount$624,000
Down payment$156,000 (20.0%)
Months until balloon120
Balance due at balloon$476,436
Interest paid before balloon$334,889
Monthly principal & interest$4,020.44
Balloon disclosure: payments are calculated over 25 years, but the remaining balance shown above becomes due in full after 10 years. Buyers typically refinance or sell before that date.
Commercial & income
Investment Property Financial Analysis
Seller-reported income
$7,200/mo
Seller-reported expenses
$24,500/yr
Seller CAP rate (0% vacancy)
7.94%
Financial figures
CAP rate
7.38%
Monthly cash flow
$778
Cash-on-cash
5.98%
Potential gross income / yr$86,400
Vacancy allowance−$4,320
Effective gross income$82,080
Operating expenses−$24,500
Net operating income (NOI)$57,580
Annual debt service−$48,245
DSCR1.19
Price per unit (door)$195,000
Price per building sq ft$186
Annual cash flow before taxes$9,335
CAP rate = NOI ÷ asking price and is calculated before financing. Figures are estimates based on seller-provided and buyer-entered data.