| General Information | |
|---|
| Square Feet | 2,332 |
| Initial Market Value | $365,900 |
| Purchase Price | $365,900 |
| Downpayment | $365,900 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $10,977 |
| Other Costs and Fixup | $0 |
| Approximate Cash Invested | $376,877 |
| Cost per Square Foot | $157 |
| Monthly Rent per Square Foot | $1.04 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,425 | $29,100 |
| Vacancy Losses | ($194) | ($2,328) |
| Operating Income | $2,231 | $26,772 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($457) | ($5,489) |
| Insurance | ($116) | ($1,390) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($73) | ($873) |
| Other (Utilities, Supplies, etc.) | $0 | $0 |
| Operating Expenses | ($646) | ($7,752) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,585 | $19,020 |
| - Mortgage Payments | $0 | $0 |
| = Cash Flow | $1,585 | $19,020 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $1,830 | $21,954 |
| = Gross Equity Income | $3,415 | $40,974 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 0% | 0% |
| Loan Amount | $0 | $0 |
| Monthly Payment | $0.00 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 4.000% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% |
| Debt Coverage Ratio | N/A |
| Annual Gross Rent Multiplier | 13 |
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 5% |
| Return on Investment | 11% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 3% |
| Comments |
|---|
| Estimated Completion Nov- Jan 2022 4 Bedrooms (2 Beds/unit) 4 Baths (2 Baths/unit) No Garage/Cover Lanai Sq. Ft.: 2,332/each unit 1,166 On City Water and Septic No HOA |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.