Charlotte Metro - Sale Leaseback

Stallings,, NC 28104
Built in 2000 - 4 bedroom, 2 bath
Property photo 0.
Property photo 1.
Property photo 2.
General Information
Square Feet2,335
Initial Market Value$440,000
Purchase Price$391,339
Downpayment$97,835
Loan Origination Fees$2,935
Depreciable Closing Costs$15,654
Other Closing Costs and Fixup$0
Initial Cash Invested$116,423
Cost per Square Foot$168
Monthly Rent per Square Foot$1.13
IncomeMonthlyAnnual
Gross Rent$2,650$31,800
Vacancy Losses($212)($2,544)
Operating Income$2,438$29,256
ExpensesMonthlyAnnual
Property Taxes($196)($2,348)
Insurance($130)($1,565)
Management Fees$0$0
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($133)($1,590)
Other$0$0
Operating Expenses($459)($5,503)
Net PerformanceMonthlyAnnual
Net Operating Income$1,979$23,753
- Mortgage Payments($1,855)($22,262)
= Cash Flow$124$1,491
+ Principal Reduction$273$3,281
+ First-Year Appreciation$6,255$75,061
= Gross Equity Income$6,653$79,832
+ Tax Savings$205$2,463
= GEI w/Tax Savings$6,858$82,296
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$293,504$0
Monthly Payment$1,855.15$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.07
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier148
Capitalization Rate6.1%
Cash on Cash Return1%
Total Return on Investment69%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee0%
Maintenance Percentage5%
Comments
This is a Sale Leaseback for 24 months with rent set at $2,650 of which $650 each month is prepaid, so you will receive $15,600 at close of escrow.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.