| General Information | |
|---|
| Square Feet | 1,564 |
| Initial Market Value | $540,000 |
| Purchase Price | $540,000 |
| Downpayment | $162,000 |
| Loan Origination Fees | $7,560 |
| Depreciable Closing Costs | $16,200 |
| Other Closing Costs and Fixup | $12,228 |
| Initial Cash Invested | $197,988 |
| Cost per Square Foot | $345 |
| Monthly Rent per Square Foot | $2.30 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,600 | $43,200 |
| Vacancy Losses | ($288) | ($3,456) |
| Operating Income | $3,312 | $39,744 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($180) | ($2,160) |
| Insurance | ($90) | ($1,080) |
| Management Fees | ($265) | ($3,180) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($180) | ($2,160) |
| Other | $0 | $0 |
| Operating Expenses | ($715) | ($8,580) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,597 | $31,164 |
| - Mortgage Payments | ($2,087) | ($25,043) |
| = Cash Flow | $510 | $6,122 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,700 | $32,400 |
| = Gross Equity Income | $3,210 | $38,522 |
| + Tax Savings | $291 | $3,490 |
| = GEI w/Tax Savings | $3,501 | $42,012 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $378,000 | $0 |
| Monthly Payment | $2,086.88 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.24 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 150 |
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 19% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 5% |
| Comments |
|---|
New Water Heater, New Washer/Dryer & Dishwasher! Kitchens & Bathrooms all Remodeled w/ New Contemporary Tile & Quartz Countertops.
1 bdrm casita is furnished and can be sold with furniture for short-term rental income as well. *Interest only financing |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
