STEVES ALY, BAYARD, WV

Rental Rate AVM Prediction

Automated Valuation Modeling (AVM) uses machine learning algorithms to predict the rental rate for the subject property. These values are updated as often as monthly, based on closed transactions of similar properties in the area. Adjustments to the rental rate in the Rescover calculator will not affect the figures displayed on this card.

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Property Value AVM Prediction

MLS History

No MLS history available

INITIAL INVESTMENT

Initial Project Cost
Purchase Price
Plus: Rehab
Plus: Acquisition Closing Costs
Plus: Carrying Cost Reserve (Excl. Prop Tax)
Total Cash Required

NET PROFIT

Net Profit
ARV
Less: Resale Costs
Less: Pro-Rated Property Tax
Less: Loan Payoff
Less: Initial Investment

Acquisition Method:

CashCash to PermanentBridge to PermanentPermanent Loan

ACQUISITION AND PROJECT COST

Purchase Price

Renovation Cost

Per SFTotal Cost

Acquisition Closing Costs

Include Pro-Rated Property Tax in Cash Required?

NoYes

* Monthly carrying costs include operating expenses from parameters tab. Edit Carrying Costs

REHAB & DISPOSITION TIME FRAME

After Repair Value

Estimated Rehab/Sale Time Frame (months)

Disposition Closing Costs

LOAN AMOUNT

Auto Calculate Loan Amount?

NoYes

Loan to Price Limit (LTP)

Include Acquisition Closing Costs

NoYes

Include Rehab

NoYes

Include Loan Fees

NoYes

Loan Amount

BRIDGE LOAN

Interest Rate %

Interest Only Loan?

NoYes

Loan Term (Months)

Loan Fees

Loan Payment

Select which expenses apply to your flip during the holding period before the property is sold. While all expenses are automatically included in the BRRRR scenario once the property is rented, some costs (like property management or leasing fees) may not apply during the flip. We've pre-selected the most common expenses for flips, but you can adjust them as needed to fit your specific situation.

	Long Term	Include?
Property Tax	$	NoYes
HOA	$	NoYes
Property Insurance	$	NoYes
Property Management	$% (Monthly fee while occupied)	NoYes
Lease Commission	$%	NoYes
Lease Renewal Fee	$%	NoYes
Platform Services Fees	$%	NoYes
Property Maintenance (% of Gross Income)	$%	NoYes
Utility Expenses	$%	NoYes
Furnishing Expenses	$%	NoYes
Consumable Expenses	$%	NoYes
Cleaning Expenses	$%	NoYes
Other Expenses	$%	NoYes
Other Custom Expenses

NET PROFIT - FLIP ONLY

	Month 1	Month 2	Month 3	Month 4	Month 5	Month 6	Month 7	Month 8	Month 9	Month 10	Month 11	Month 12
Sales Price
Resale Costs
Loan Payoff
Gross Sales Proceeds
Less: Initial Investment
Less: Cumulative Carrying Costs
Net Profit
Net Profit Per Month
ROI

INITIAL INVESTMENT

Initial Project Cost
Purchase Price
Plus: Rehab
Plus: Acquisition Closing Costs
Plus: Carrying Cost Reserve (Excl. Prop Tax)
Total Cash Required

REFINANCE CASH IN/OUT

Cash In
Permanent Loan Amount
Less: Bridge Loan Payoff
Less: Permanent Loan Fees

POST REFINANCE INVESTMENT BASIS

Net Investment After Refinance
Initial Cash Investment
Less: Cash In
Less: Carrying Costs Budget Surplus

Acquisition Method: Bridge to Permanent

REHAB & VACANCY TIME FRAME

Estimated Rehab/Vacancy Time Frame (months)

After Repair Rental Rate

* Monthly carrying costs include operating expenses from Parameters tab. Edit Carrying Costs

REFI TIME FRAME & LOAN AMOUNT

Months Until Refinance

Loan Amount

LTVFixed

Max LTV

Allow cash-out refinance?

YesNo

Loan Amount

N/A

PERMANENT LOAN

Interest Rate %

Interest Only Loan?

NoYes

Loan Fees

Amortization Period

	Long Term	Include?
Property Tax	$	NoYes
HOA	$	NoYes
Property Insurance	$	NoYes
Property Management	$% (Monthly fee while occupied)	NoYes
Lease Commission	$%	NoYes
Lease Renewal Fee	$%	NoYes
Platform Services Fees	$%	NoYes
Property Maintenance (% of Gross Income)	$%	NoYes
Utility Expenses	$%	NoYes
Furnishing Expenses	$%	NoYes
Consumable Expenses	$%	NoYes
Cleaning Expenses	$%	NoYes
Other Expenses	$%	NoYes
Other Custom Expenses

FLIP-TO-RENT YEAR 1 PROFORMA

	Year 1 Total
INCOME
Potential Rental Income
Vacancy Loss
Effective Rental Income
OPERATING EXPENSES
Property Tax
Property Insurance
HOA
Property Management
Leasing Commissions
Utilities
Total Operating Expenses
Net Operating Income
NON OPERATING EXPENSES
Loan Payment
Cash Flow from Operations
Carrying Cost Reserve Utilization
Net Cash Flow
Carrying Cost Reserve Balance

Calculating

Annual Cash Flow

Return on Investment

Cash on Cash
Return on Equity

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Initial Investment Summary

Calculating

Total Cost	$0
Purchase Price
Plus: Title Charges
Plus: Rehab Expense	$0
Less: Loan Amount	()
Plus: Loan Fees
Plus: Working Capital	$0
Initial Investment	-

MONTHLY OWNERSHIP COSTS

Calculating

Total Monthly Costs
Mortgage Payment (P&I)
Property Tax
Property Insurance

MONTHLY CASH FLOW

Calculating

INCOME
Potential Rental Income
Vacancy Loss
Effective Income
OPERATING EXPENSES
Property Tax
Property Insurance
HOA
Property Management
Leasing Commissions
Property Maintenance
Utility Expenses
Other Expenses
Total Expenses
Net Operating Income
NON OPERATING EXPENSES
Monthly Debt Service
Capital Expenditures
Total Non Operating Expenses
Total Cash Flow

FINANCIAL OVERVIEW

Calculating


Property Value The property value displayed in this table shows the expected appreciation you will realize over the next 30 years. The Annual Property Appreciation % specified on the model tab is the amount that the estimated property value grows by each year.
Rental Rate The rental rate displayed in this table shows the expected future rental rates you will achieve over the next 30 years. The Annual Rental Growth Rate specified on the model tab is the amount that the estimated rental rate grows by each year.
Monthly Cash Flow Monthly cash flow is the average amount expected to receive each month after operating expenses and debt service are paid.
Gross Wealth Accumulation Gross Wealth Accumulation is the amount you would expect to receive at the end of each year, including cumulative cash flow, and the gross proceeds at the sale of the home. In some cases, the costs to sell the home, as well as the expenses related to vacancy and leasing commissions, will cause your total return to be less than the total investment in the first few years.
Net Gain on Investment Net Gain on Investment is the total profit (or loss) you see after accounting for every dollar spent—like the purchase price, repairs, and other costs—and every dollar earned from rental income or a future sale. Essentially, it answers, "How much did I actually make from this property when all’s said and done?"