| General Information | |
|---|
| Square Feet | 2,960 |
| Initial Market Value | $625,000 |
| Purchase Price | $625,000 |
| Downpayment | $156,250 |
| Loan Origination Fees | $4,688 |
| Depreciable Closing Costs | $12,500 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $173,438 |
| Cost per Square Foot | $211 |
| Monthly Rent per Square Foot | $1.62 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $4,800 | $57,600 |
| Vacancy Losses | ($240) | ($2,880) |
| Operating Income | $4,560 | $54,720 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($260) | ($3,125) |
| Insurance | ($156) | ($1,875) |
| Management Fees | ($100) | ($1,200) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($240) | ($2,880) |
| Other | ($689) | ($8,270) |
| Operating Expenses | ($1,446) | ($17,350) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,114 | $37,370 |
| - Mortgage Payments | ($2,963) | ($35,554) |
| = Cash Flow | $151 | $1,816 |
| + Principal Reduction | $437 | $5,239 |
| + First-Year Appreciation | $2,604 | $31,250 |
| = Gross Equity Income | $3,192 | $38,305 |
| + Tax Savings | $331 | $3,972 |
| = GEI w/Tax Savings | $3,523 | $42,277 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $468,750 | $0 |
| Monthly Payment | $2,962.82 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.05 |
| Annual Gross Rent Multiplier | 11 |
| Monthly Gross Rent Multiplier | 130 |
| Capitalization Rate | 6.0% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 22% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 5% |
| Vacancy Rate | 5% |
| Management Fee | $100 |
| Maintenance Percentage | 5% |
| Comments |
|---|
2 tenants have 1 year leases
1 tenant been there over 10 years - month to month
Current owner has had for 5 years.
Only 1 vacancy during this term -just filled.
|
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
