| General Information | |
|---|
| Square Feet | 2,632 |
| Initial Market Value | $750,000 |
| Purchase Price | $750,000 |
| Downpayment | $225,000 |
| Loan Origination Fees | $10,500 |
| Depreciable Closing Costs | $22,500 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $258,000 |
| Cost per Square Foot | $285 |
| Monthly Rent per Square Foot | $1.69 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $4,450 | $53,400 |
| Vacancy Losses | ($356) | ($4,272) |
| Operating Income | $4,094 | $49,128 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($156) | ($1,875) |
| Insurance | ($94) | ($1,125) |
| Management Fees | ($328) | ($3,930) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($134) | ($1,602) |
| Other | $0 | $0 |
| Operating Expenses | ($711) | ($8,532) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,383 | $40,596 |
| - Mortgage Payments | ($2,898) | ($34,781) |
| = Cash Flow | $485 | $5,815 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $3,750 | $45,000 |
| = Gross Equity Income | $4,235 | $50,815 |
| + Tax Savings | $481 | $5,770 |
| = GEI w/Tax Savings | $4,715 | $56,584 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $525,000 | $0 |
| Monthly Payment | $2,898.44 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.17 |
| Annual Gross Rent Multiplier | 14 |
| Monthly Gross Rent Multiplier | 169 |
| Capitalization Rate | 5.4% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 20% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 3% |
| Comments |
|---|
One unit remodeled in 2024, with all new flooring, new cabinets, new granite countertops, new kitchen appliances, & a new HVAC unit.
*Financing interest only + 3 pts
|
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.