Investment Analysis

4521 Lake Washington Blvd NE, Bellevue, WA 98004

Single Family Residence

$875,000 asking

2,450 sq ft

Built 2018

Purchase Price

$875,000

$357/sqft

NOI

$37,084

Annual

Cap Rate

4.24%

Cash-on-Cash

-5.71%

Monthly CF

-$1,166

Pre-Tax

DSCR

0.73

Tight

IRR (10yr)

8.38%

Levered

GRM

13.6

Gross Rent Multiple

Current vs. Pro Forma (Year 5)

Metric	Current	Pro Forma (Yr 5)	Change
Net Operating Income (NOI)	$37,084	$43,657	+17.7%
Annual Cash Flow (Pre-Tax)	-$13,993	-$7,420	+47.0%
Monthly Cash Flow (Pre-Tax)	-$1,166	-$618	+47.0%
Cap Rate	4.24%	4.10%	-0.14pp
Cash-on-Cash Return	-5.71%	-3.03%	+2.68pp
Property Value	$875,000	$1,064,571	+21.7%
Equity	$218,750	$448,512	+105.0%

Expense Breakdown

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Purchase Price$875,000

Down Payment25%

Interest Rate6.75%

Monthly Rent$5,200

Vacancy Rate5%

Annual Appreciation4.0%

Annual Rent Growth3.0%