| General Information | |
|---|
| Square Feet | 2,200 |
| Initial Market Value | $432,500 |
| Purchase Price | $432,500 |
| Downpayment | $108,125 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $21,625 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $129,750 |
| Cost per Square Foot | $197 |
| Monthly Rent per Square Foot | $1.36 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,000 | $36,000 |
| Vacancy Losses | ($240) | ($2,880) |
| Operating Income | $2,760 | $33,120 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($451) | ($5,406) |
| Insurance | ($169) | ($2,033) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($60) | ($720) |
| Other | $0 | $0 |
| Operating Expenses | ($680) | ($8,159) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,080 | $24,961 |
| - Mortgage Payments | ($1,943) | ($23,313) |
| = Cash Flow | $137 | $1,648 |
| + Principal Reduction | $333 | $3,991 |
| + First-Year Appreciation | $2,163 | $25,950 |
| = Gross Equity Income | $2,632 | $31,589 |
| + Tax Savings | $221 | $2,651 |
| = GEI w/Tax Savings | $2,853 | $34,240 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $324,375 | $0 |
| Monthly Payment | $1,942.71 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 5.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.07 |
| Annual Gross Rent Multiplier | 12 |
| Monthly Gross Rent Multiplier | 144 |
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 24% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
| Investor Package = Fenced Yard, All Appliances, Blinds, No Carpet. Ready to rent |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
