| General Information | |
|---|
| Square Feet | 1,497 |
| Initial Market Value | $260,400 |
| Purchase Price | $260,400 |
| Downpayment | $78,120 |
| Loan Origination Fees | $6,380 |
| Depreciable Closing Costs | $10,416 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $94,916 |
| Cost per Square Foot | $174 |
| Monthly Rent per Square Foot | $1.10 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,650 | $19,800 |
| Vacancy Losses | ($132) | ($1,584) |
| Operating Income | $1,518 | $18,216 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($141) | ($1,693) |
| Insurance | ($91) | ($1,094) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($30) | ($360) |
| Maintenance | ($83) | ($990) |
| Other | $0 | $0 |
| Operating Expenses | ($431) | ($5,168) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,087 | $13,048 |
| - Mortgage Payments | ($1,006) | ($12,076) |
| = Cash Flow | $81 | $972 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $1,302 | $15,624 |
| = Gross Equity Income | $1,383 | $16,596 |
| + Tax Savings | $200 | $2,395 |
| = GEI w/Tax Savings | $1,583 | $18,991 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $182,280 | $0 |
| Monthly Payment | $1,006.34 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.08 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 158 |
| Capitalization Rate | 5.0% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 17% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | $86 |
| Maintenance Percentage | 5% |
| Comments |
|---|
Photos may be representative.
Incentives incude: Fridge, Blinds and up to 2% toward closing costs! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
