Property Information
Brand New Modern Home in Chickasha- 155k!!
Chickasha, OK 73018
2 bdrm/2 bath - Built in 2025
| General Information | |
|---|---|
| Square Feet | 864 |
| Initial Market Value | $154,900 |
| Purchase Price | $154,900 |
| Downpayment | $38,725 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $7,745 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $46,470 |
| Cost per Square Foot | $179 |
| Monthly Rent per Square Foot | $1.45 |
| Income | Monthly | Annual |
|---|---|---|
| Gross Rent | $1,250 | $15,000 |
| Vacancy Losses | ($100) | ($1,200) |
| Operating Income | $1,150 | $13,800 |
| Expenses | Monthly | Annual |
|---|---|---|
| Property Taxes | ($155) | ($1,859) |
| Insurance | ($61) | ($728) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($25) | ($300) |
| Other | $0 | $0 |
| Operating Expenses | ($241) | ($2,887) |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $909 | $10,913 |
| - Mortgage Payments | ($744) | ($8,927) |
| = Cash Flow | $166 | $1,987 |
| + Principal Reduction | $106 | $1,268 |
| + First-Year Appreciation | $775 | $9,294 |
| = Gross Equity Income | $1,046 | $12,549 |
| + Tax Savings | $44 | $526 |
| = GEI w/Tax Savings | $1,090 | $13,075 |
| Mortgage Info | First | Second |
|---|---|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $116,175 | $0 |
| Monthly Payment | $743.88 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 |
| Financial Indicators | |
|---|---|
| Debt Coverage Ratio | 1.22 |
| Annual Gross Rent Multiplier | 10 |
| Monthly Gross Rent Multiplier | 124 |
| Capitalization Rate | 7.0% |
| Cash on Cash Return | 4% |
| Total Return on Investment | 27% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. | |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
| Brand new 2/2 Bedroom single family home All appliances are included with the sale Fenced backyard Granite in kitchen and bathroom 2 Years Free Property Management 1% seller credit towards closing costs |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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