Nice Area
Port Charlotte , FL 33952
3 bedrooms 2 bathrooms
3BR, 2BA, Built in 1979
Square Feet1,754
Initial Market Value$309,900
Purchase Price$309,900
Downpayment$77,475
Loan Origination Fees$4,649
Depreciable Closing Costs$9,297
Other Costs and Fixup$0
Approximate Cash Invested$91,421
Cost per Square Foot$177
Monthly Rent per Square Foot$1.28
Projected IncomeMonthlyAnnual
Projected Rent$2,250$27,000
Vacancy Losses($180)($2,160)
Operating Income$2,070$24,840
Estimated ExpensesMonthlyAnnual
Property Taxes($310)($3,719)
Insurance($103)($1,240)
Management Fees($166)($1,987)
Leasing/Advertising Fees$0$0
Association Fees($50)($600)
Maintenance($68)($810)
Other (Utilities, Supplies, etc.)$0$0
Operating Expenses($696)($8,356)
Net PerformanceMonthlyAnnual
Net Operating Income$1,374$16,484
- Mortgage Payments($1,431)($17,173)
= Cash Flow($57)($689)
+ Principal Reduction$227$2,724
+ First-Year Appreciation$1,550$18,594
= Gross Equity Income$1,719$20,629
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$232,425$0
Monthly Payment$1,431.08$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.250%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)0.7%
Debt Coverage Ratio0.96
Annual Gross Rent Multiplier11
Capitalization Rate5.3%
Cash on Cash Return-1%
Return on Investment23%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.