| General Information | |
|---|
| Square Feet | 1,564 |
| Purchase Price | $540,000 |
| Initial Market Value | $540,000 |
| Downpayment | $162,000 |
| Closing Costs | $35,988 |
| Initial Cash Invested | $197,988 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $3,600 | $43,200 |
| Vacancy Losses | $288 | $3,456 |
| Operating Income | $3,312 | $39,744 |
| Operating Expenses | $715 | $8,580 |
| Financial Indicators | |
|---|
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 19% |
| 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 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| 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.
