| General Information | |
|---|
| Square Feet | 1,774 |
| Initial Market Value | $275,000 |
| Purchase Price | $275,000 |
| Downpayment | $82,500 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $11,000 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $93,500 |
| Cost per Square Foot | $155 |
| Monthly Rent per Square Foot | $1.01 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,800 | $21,600 |
| Vacancy Losses | ($144) | ($1,728) |
| Operating Income | $1,656 | $19,872 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($149) | ($1,788) |
| Insurance | ($96) | ($1,155) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($45) | ($540) |
| Maintenance | ($90) | ($1,080) |
| Other | $0 | $0 |
| Operating Expenses | ($466) | ($5,595) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,190 | $14,278 |
| - Mortgage Payments | ($1,108) | ($13,298) |
| = Cash Flow | $82 | $980 |
| + Principal Reduction | $211 | $2,534 |
| + First-Year Appreciation | $1,375 | $16,500 |
| = Gross Equity Income | $1,668 | $20,014 |
| + Tax Savings | $140 | $1,676 |
| = GEI w/Tax Savings | $1,807 | $21,690 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $192,500 | $0 |
| Monthly Payment | $1,108.14 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 5.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.07 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 153 |
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 21% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | $86 |
| Maintenance Percentage | 5% |
| Comments |
|---|
New construction
Builder warranty
Birmingham suburbs
Incentives include: 2% toward closing costs + fridge + blinds! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
