| General Information | |
|---|
| Square Feet | 2,232 |
| Initial Market Value | $415,000 |
| Purchase Price | $415,000 |
| Downpayment | $124,500 |
| Loan Origination Fees | $5,810 |
| Depreciable Closing Costs | $12,450 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $142,760 |
| Cost per Square Foot | $186 |
| Monthly Rent per Square Foot | $1.03 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,300 | $27,600 |
| Vacancy Losses | ($184) | ($2,208) |
| Operating Income | $2,116 | $25,392 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($138) | ($1,660) |
| Insurance | ($69) | ($830) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($119) | ($1,428) |
| Maintenance | ($46) | ($552) |
| Other | $0 | $0 |
| Operating Expenses | ($373) | ($4,470) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,744 | $20,922 |
| - Mortgage Payments | ($1,604) | ($19,246) |
| = Cash Flow | $140 | $1,676 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,075 | $24,900 |
| = Gross Equity Income | $2,215 | $26,576 |
| + Tax Savings | $310 | $3,721 |
| = GEI w/Tax Savings | $2,525 | $30,298 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $290,500 | $0 |
| Monthly Payment | $1,603.80 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.09 |
| Annual Gross Rent Multiplier | 15 |
| Monthly Gross Rent Multiplier | 180 |
| Capitalization Rate | 5.0% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 19% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
Listing price is $425k. Suggested offer price $415k.
Walking distance to K-8 School. New high school coming soon nearby!
Seller offering 1 year free PM. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.