| General Information | |
|---|
| Square Feet | 3,120 |
| Initial Market Value | $1,200,000 |
| Purchase Price | $1,200,000 |
| Downpayment | $360,000 |
| Loan Origination Fees | $16,800 |
| Depreciable Closing Costs | $36,000 |
| Other Closing Costs and Fixup | $26,880 |
| Initial Cash Invested | $439,680 |
| Cost per Square Foot | $385 |
| Monthly Rent per Square Foot | $2.44 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $7,600 | $91,200 |
| Vacancy Losses | ($608) | ($7,296) |
| Operating Income | $6,992 | $83,904 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($400) | ($4,800) |
| Insurance | ($200) | ($2,400) |
| Management Fees | ($559) | ($6,712) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($152) | ($1,824) |
| Other | ($500) | ($6,000) |
| Operating Expenses | ($1,811) | ($21,736) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $5,181 | $62,168 |
| - Mortgage Payments | ($4,725) | ($56,700) |
| = Cash Flow | $456 | $5,468 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $6,000 | $72,000 |
| = Gross Equity Income | $6,456 | $77,468 |
| + Tax Savings | $879 | $10,547 |
| = GEI w/Tax Savings | $7,335 | $88,015 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $840,000 | $0 |
| Monthly Payment | $4,725.00 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.750% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.10 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 158 |
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 18% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 2% |
| Comments |
|---|
Full-size stackable washer/ dryer & private patio. Newer roofs, dual-pane windows, smooth stucco, updated electrical and plumbing & owned solar panels!
Owner pays water, trash, sewer approx $6k/yr
Pro forma reflects interest only financing + 3.2pts |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
