| General Information | |
|---|
| Square Feet | 1,846 |
| Initial Market Value | $419,900 |
| Purchase Price | $419,900 |
| Downpayment | $104,975 |
| Loan Origination Fees | $3,149 |
| Depreciable Closing Costs | $4,199 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $112,323 |
| Cost per Square Foot | $227 |
| Monthly Rent per Square Foot | $1.35 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,500 | $30,000 |
| Vacancy Losses | ($200) | ($2,400) |
| Operating Income | $2,300 | $27,600 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($525) | ($6,299) |
| Insurance | ($140) | ($1,680) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($10) | ($120) |
| Maintenance | ($100) | ($1,200) |
| Other | $0 | $0 |
| Operating Expenses | ($775) | ($9,298) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,525 | $18,302 |
| - Mortgage Payments | ($1,991) | ($23,886) |
| = Cash Flow | ($465) | ($5,585) |
| + Principal Reduction | $293 | $3,520 |
| + First-Year Appreciation | $2,100 | $25,194 |
| = Gross Equity Income | $1,927 | $23,129 |
| + Tax Savings | $413 | $4,950 |
| = GEI w/Tax Savings | $2,340 | $28,080 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $314,925 | $0 |
| Monthly Payment | $1,990.54 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.77 |
| Annual Gross Rent Multiplier | 14 |
| Monthly Gross Rent Multiplier | 168 |
| Capitalization Rate | 4.4% |
| Cash on Cash Return | -5% |
| 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 | 4% |
| Comments |
|---|
*Newly Remodeled!
*Great Area! |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.