doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
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Highlights
Multi-Family
3 Unit(s)
8 Bed(s) / 3.0 Bath(s)
3,000.00 sqft
Built in 2009
doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB

Executive Summary
70-72-74 Jeannette St, Dieppe, NB
Deal Overview
Purchase Price ($)260,000.00
Purchase Price / Sqft ($)86.67
After Repair Value (AVR) ($)270,000.00
Net Operating Income ($)13,941.24
CAP Rate (%)5.36
Cash on Cash Return (%)18.18
Debt Service Coverage RatioN/A
Cash After Debt Service (CADS) ($)13,941.24
Break Even Ratio (%)54.24
Property Details
Property Type Multi-Family
Building Class Class B
Property Zoning R2-A
Number of Units 3 Unit(s)
Number of Beds 8 Bed(s)
Number of Baths 3.0 Bath(s)
Year Built Built in 2009
Property Area 3,000.00 Sqft
Asking Price ($) 265,000.00
Property Description
This triplex is in a great rental area, with a great rental history and has two 3 bedrooms and one 2 bedroom.

The left side has a 3 bedroom on a slab which has a open concept living, dining and kitchen area, 3 bedrooms, 1 bathroom, a storage area with laundry hook ups and it's own patio.

On the right side of the building, you have a 3 bedroom on the upper level and a 2 bedroom on the lower level. The 3 bedroom has an open concept living, dining and kitchen area, 3 bedrooms including the Master which has a large walk in closet, 1 bathroom and this unit also has a patio. The lower level 2 bedroom also has the open concept living, dining and kitchen area, 2 bedrooms and 1 bathroom. There is a shared coin operated laundry on the lower level for the 2 units.

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Income
Monthly Yearly
Rent (All Units) ($) 2,620.00 31,440.00
Vacancy Rate (%) 5.00 5.00
Loss to vacancy ($)
(131.00)
(1,572.00)
Laundry & Vending ($) 50.00 600.00
Parking Fees ($) 0 0
Storage Fees ($) 0 0
Application Fees ($) 0 0
Deposit Forfeits ($) 0 0
Other Income ($) 0 0
Total Income $2,539.00 $30,468.00
Expenses
  Monthly Yearly
Property Taxes ($) 653.00 7,836.00
Property Management (%) 7.00 7.00
Property Management ($) 174.23 2,090.76
Insurance ($) 97.00 1,164.00
Leasing Fees ($) 0 0
Repairs & Maintenance ($) 50.00 600.00
Association Fees ($) 0 0
Utilities ($) 363.00 4,356.00
Contracting Services ($) 40.00 480.00
Marketing ($) 0 0
Legal & Professional ($) 0 0
Other Expenses ($) 0 0
Total Expenses $1,377.23 $16,526.76

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Income Sources

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Expense Sources
doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
The Deal
Purchase Price ($) 260,000.00
After Repair Value (ARV) ($) 270,000.00
1st Mortgage
Payment Type Principal & Interest
Down Payment (%) 25.00
Down Payment ($) 65,000.00
Amount ($) 195,000.00
Amortization 25
Interest Rate (%) 2.45
Monthly Payment ($) 0.00
Yearly Payment ($) 0.00
Loan Points (%) 0.00
Point Cost ($) 0.00
2nd Mortgage
Amount ($) 0.00
Payment Type Principal & Interest
Amortization 0.00
Interest Rate (%) 0.00
Monthly Payment ($) 0.00
Yearly Payment ($) 0.00
Loan Points (%) 0.00
Point Cost ($) 0.00
CAP Rate (%) 5.00
Estimated Property Value ($) 278,824.80
Net Operating Income (NOI) ($) 13,941.24
Monthly Net Operating Income ($) 1,161.77
CAP Rate (%) 5.36
Debt Service ($) N/A
Debt Service Coverage Ratio (DSCR) N/A
Cash After Debt Service (CADS) ($) 13,941.24
Monthly Cash After Debt Service (CADS) ($) 1,161.77
Cash on Cash Return (COCR) (%) 18.18
Break Even Ratio (%) 54.24
Closing Costs ($) 1,500.00
Deferred Maintenance /Initial Improvement Expenses ($) 5,000.00
Purchase Adjustments to Seller (%) 2.00
Purchase Adjustments to Seller ($) 5,200.00
Credits from Seller ($) 0.00
Total Closing Costs ($) 11,700.00
Total Investment ($) 76,700.00

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Location Maps

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Forecast and Projections
Assumptions
Annual Income Inflation Rate (%) 1.35
Annual Expense Inflation Rate (%) 1.25
doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Assumptions
Purchase Price ($) 260,000.00 After Repair Value (ARV) ($) 270,000.00
Initial Mortgaged Amount ($) 195,000.00 Market Appreciation Rate (%) 4.00

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Additional photos

doorval Property Evaluation
70-72-74 Jeannette St, Dieppe, NB
Disclaimer
The calculations and data presented here are intended for the purpose of illustrative projections and analysis. Maradev Managed Services Inc., operating as doorval, does not guarantee the accuracy or integrity of any of the information provided herein. Such information is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice. You should consult with legal, accounting, tax and other applicable professionals before making any decisions based on the information provided here. You assume all risks associated with using the service and doorval will not be responsible or liable for any losses associated with your use of the service or any information provided through the service.