| General Information | |
|---|
| Square Feet | 2,335 |
| 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 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,650 | $31,800 |
| Vacancy Losses | ($212) | ($2,544) |
| Operating Income | $2,438 | $29,256 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $293,504 | $0 |
| Monthly Payment | $1,855.15 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.07 |
| Annual Gross Rent Multiplier | 12 |
| Monthly Gross Rent Multiplier | 148 |
| Capitalization Rate | 6.1% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 69% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 5% |
| 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.
