| General Information | |
|---|
| Square Feet | 1,480 |
| Purchase Price | $650,000 |
| Initial Market Value | $650,000 |
| Downpayment | $162,500 |
| Closing Costs | $24,375 |
| Initial Cash Invested | $186,875 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $4,200 | $50,400 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $4,200 | $50,400 |
| Operating Expenses | $681 | $8,177 |
| Financial Indicators | |
|---|
| Capitalization Rate | 6.5% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 27% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,519 | $42,223 |
| - Mortgage Payments | $3,081 | $36,976 |
| = Cash Flow | $437 | $5,247 |
| + Principal Reduction | $454 | $5,449 |
| + First-Year Appreciation | $3,250 | $39,000 |
| = Gross Equity Income | $4,141 | $49,696 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 0% |
| Management Fee | 8% |
| Comments |
|---|
Long term rental is occupied at $1200/month
Price is negotiable and furniture is also negotiable in the offer. Asking $679k |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.