| General Information | |
|---|
| Square Feet | 2,296 |
| Initial Market Value | $415,000 |
| Purchase Price | $415,000 |
| Downpayment | $103,750 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $20,750 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $124,500 |
| Cost per Square Foot | $181 |
| Monthly Rent per Square Foot | $1.20 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,750 | $33,000 |
| Vacancy Losses | ($220) | ($2,640) |
| Operating Income | $2,530 | $30,360 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($432) | ($5,188) |
| Insurance | ($142) | ($1,702) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($55) | ($660) |
| Other | $0 | $0 |
| Operating Expenses | ($629) | ($7,549) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,901 | $22,811 |
| - Mortgage Payments | ($2,069) | ($24,824) |
| = Cash Flow | ($168) | ($2,013) |
| + Principal Reduction | $264 | $3,168 |
| + First-Year Appreciation | $2,075 | $24,900 |
| = Gross Equity Income | $2,171 | $26,055 |
| + Tax Savings | $334 | $4,004 |
| = GEI w/Tax Savings | $2,505 | $30,058 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $311,250 | $0 |
| Monthly Payment | $2,068.66 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.92 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 151 |
| Capitalization Rate | 5.5% |
| Cash on Cash Return | -2% |
| Total Return on Investment | 21% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
Located IN Wagoner OK just 35-40M outside of Tulsa
3 Years Free Property Management.
Investor Package = Fenced Yard, All Appliances, Blinds, No Carpet. Ready to rent |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
