| General Information | |
|---|
| Square Feet | 2,934 |
| Initial Market Value | $570,000 |
| Purchase Price | $570,000 |
| Downpayment | $142,500 |
| Loan Origination Fees | $4,275 |
| Depreciable Closing Costs | $17,100 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $163,875 |
| Cost per Square Foot | $194 |
| Monthly Rent per Square Foot | $1.91 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $5,600 | $67,200 |
| Vacancy Losses | ($448) | ($5,376) |
| Operating Income | $5,152 | $61,824 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($143) | ($1,710) |
| Insurance | ($95) | ($1,140) |
| Management Fees | ($412) | ($4,946) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($631) | ($7,572) |
| Maintenance | ($448) | ($5,376) |
| Other | $0 | $0 |
| Operating Expenses | ($1,729) | ($20,744) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,423 | $41,080 |
| - Mortgage Payments | ($2,702) | ($32,425) |
| = Cash Flow | $721 | $8,655 |
| + Principal Reduction | $398 | $4,778 |
| + First-Year Appreciation | $2,850 | $34,200 |
| = Gross Equity Income | $3,969 | $47,633 |
| + Tax Savings | $108 | $1,293 |
| = GEI w/Tax Savings | $4,077 | $48,927 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $427,500 | $0 |
| Monthly Payment | $2,702.09 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.27 |
| Annual Gross Rent Multiplier | 8 |
| Monthly Gross Rent Multiplier | 102 |
| Capitalization Rate | 7.2% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 29% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 8% |
| Comments |
|---|
| HOA: Exterior Mnt of Unit; Sewer; Garbage Collection; Front Yard Maint; Common Area Maint; Street Maint. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
