| General Information | |
|---|
| Square Feet | 1,050 |
| Purchase Price | $3,250,000 |
| Initial Market Value | $3,250,000 |
| Downpayment | $3,250,000 |
| Closing Costs | $97,500 |
| Initial Cash Invested | $3,347,500 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $19,356 | $232,272 |
| Vacancy Losses | $1,548 | $18,582 |
| Operating Income | $17,808 | $213,690 |
| Operating Expenses | $3,921 | $47,052 |
| Financial Indicators | |
|---|
| Capitalization Rate | 5.1% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 11% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $13,887 | $166,638 |
| - Mortgage Payments | $0 | $0 |
| = Cash Flow | $13,887 | $166,638 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $16,250 | $195,000 |
| = Gross Equity Income | $30,137 | $361,638 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Comments |
|---|
| 10 two-bedroom, 2 studios and 1 one-bedroom. All 13 units have been renovated with interior upgrades including new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryers. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
