| General Information | |
|---|
| Square Feet | 1,846 |
| Initial Market Value | $449,900 |
| Purchase Price | $449,900 |
| Downpayment | $112,475 |
| Loan Origination Fees | $3,374 |
| Depreciable Closing Costs | $4,499 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $120,348 |
| Cost per Square Foot | $244 |
| 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 | ($562) | ($6,749) |
| Insurance | ($150) | ($1,800) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($10) | ($120) |
| Maintenance | ($100) | ($1,200) |
| Other | $0 | $0 |
| Operating Expenses | ($822) | ($9,868) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,478 | $17,732 |
| - Mortgage Payments | ($2,133) | ($25,593) |
| = Cash Flow | ($655) | ($7,861) |
| + Principal Reduction | $314 | $3,772 |
| + First-Year Appreciation | $2,250 | $26,994 |
| = Gross Equity Income | $1,909 | $22,904 |
| + Tax Savings | $496 | $5,948 |
| = GEI w/Tax Savings | $2,404 | $28,852 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $337,425 | $0 |
| Monthly Payment | $2,132.76 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.69 |
| Annual Gross Rent Multiplier | 15 |
| Monthly Gross Rent Multiplier | 180 |
| Capitalization Rate | 3.9% |
| Cash on Cash Return | -7% |
| Total Return on Investment | 19% |
| + 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.
