Property Information
Lake Front Property
Lakewood Ranch, FL 34202
3 bedrooms 2 bathrooms
3BR, 2BA, Built in 2013
| General Information | |
|---|---|
| Square Feet | 1,846 |
| Purchase Price | $419,900 |
| Initial Market Value | $419,900 |
| Downpayment | $104,975 |
| Closing Costs | $7,348 |
| Initial Cash Invested | $112,323 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $2,500 | $30,000 |
| Vacancy Losses | $200 | $2,400 |
| Operating Income | $2,300 | $27,600 |
| Operating Expenses | $775 | $9,298 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 4.4% |
| Cash on Cash Return | -5% |
| Total Return on Investment | 21% |
| 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 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| 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.
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