| General Information | |
|---|
| Square Feet | 2,332 |
| Initial Market Value | $174,900 |
| Purchase Price | $174,900 |
| Downpayment | $43,725 |
| Loan Origination Fees | $1,640 |
| Depreciable Closing Costs | $8,745 |
| Other Costs and Fixup | $0 |
| Approximate Cash Invested | $54,110 |
| Cost per Square Foot | $75 |
| Monthly Rent per Square Foot | $0.64 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,500 | $18,000 |
| Vacancy Losses | ($120) | ($1,440) |
| Operating Income | $1,380 | $16,560 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($105) | ($1,259) |
| Insurance | ($102) | ($1,224) |
| Management Fees | ($110) | ($1,325) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($75) | ($900) |
| Other (Utilities, Supplies, etc.) | $0 | $0 |
| Operating Expenses | ($392) | ($4,708) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $988 | $11,852 |
| - Mortgage Payments | ($818) | ($9,820) |
| = Cash Flow | $169 | $2,031 |
| + Principal Reduction | $125 | $1,501 |
| + First-Year Appreciation | $875 | $10,494 |
| = Gross Equity Income | $1,169 | $14,027 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $131,175 | $0 |
| Monthly Payment | $818.36 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.375% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.9% |
| Debt Coverage Ratio | 1.21 |
| Annual Gross Rent Multiplier | 10 |
| Capitalization Rate | 6.8% |
| Cash on Cash Return | 4% |
| Return on Investment | 26% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 5% |
| Comments |
|---|
| Occupied 3BR/2BA home is centrally located in the off Vaughn road. Fabulous home with lots of space. Great yard with beautiful private patio & arbor. This is an assignment contract. Tenant to renew lease in June. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.