| General Information | |
|---|
| Square Feet | 1,954 |
| Initial Market Value | $398,900 |
| Purchase Price | $398,900 |
| Downpayment | $99,725 |
| Loan Origination Fees | $2,992 |
| Depreciable Closing Costs | $13,962 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $116,678 |
| Cost per Square Foot | $204 |
| Monthly Rent per Square Foot | $1.33 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,600 | $31,200 |
| Vacancy Losses | ($130) | ($1,560) |
| Operating Income | $2,470 | $29,640 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($482) | ($5,784) |
| Insurance | ($83) | ($997) |
| Management Fees | ($198) | ($2,371) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($78) | ($936) |
| Other | $0 | $0 |
| Operating Expenses | ($841) | ($10,089) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,629 | $19,552 |
| - Mortgage Payments | ($1,407) | ($16,882) |
| = Cash Flow | $222 | $2,670 |
| + Principal Reduction | $449 | $5,384 |
| + First-Year Appreciation | $1,995 | $23,934 |
| = Gross Equity Income | $2,666 | $31,987 |
| + Tax Savings | $116 | $1,392 |
| = GEI w/Tax Savings | $2,782 | $33,380 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $299,175 | $0 |
| Monthly Payment | $1,406.83 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 3.875% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.16 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 153 |
| Capitalization Rate | 4.9% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 27% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 5% |
| Management Fee | 8% |
| Maintenance Percentage | 3% |
| Comments |
|---|
Estimated Completion is Nov- Jan 2022
Property has a permit 10% due with contract |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.