| General Information | |
|---|
| Square Feet | 14,212 |
| Initial Market Value | $2,500,000 |
| Purchase Price | $2,500,000 |
| Downpayment | $625,000 |
| Loan Origination Fees | $18,750 |
| Depreciable Closing Costs | $75,000 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $718,750 |
| Cost per Square Foot | $176 |
| Monthly Rent per Square Foot | $1.81 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $25,700 | $308,400 |
| Vacancy Losses | ($2,056) | ($24,672) |
| Operating Income | $23,644 | $283,728 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($396) | ($4,750) |
| Insurance | ($625) | ($7,500) |
| Management Fees | ($709) | ($8,512) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($6,375) | ($76,500) |
| Maintenance | ($771) | ($9,252) |
| Other | $0 | $0 |
| Operating Expenses | ($8,876) | ($106,514) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $14,768 | $177,214 |
| - Mortgage Payments | ($11,851) | ($142,215) |
| = Cash Flow | $2,917 | $34,999 |
| + Principal Reduction | $1,746 | $20,957 |
| + First-Year Appreciation | $12,500 | $150,000 |
| = Gross Equity Income | $17,163 | $205,956 |
| + Tax Savings | $557 | $6,688 |
| = GEI w/Tax Savings | $17,720 | $212,644 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $1,875,000 | $0 |
| Monthly Payment | $11,851.28 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.25 |
| Annual Gross Rent Multiplier | 8 |
| Monthly Gross Rent Multiplier | 97 |
| Capitalization Rate | 7.1% |
| 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 | 3% |
| Maintenance Percentage | 3% |
| Comments |
|---|
The property is 100% occupied and all units were remodeled.
(5) 2 bedroom/1 bath
(1) 3 bed/1 bath
(11) 3 bed/ 2 bath
All are equipped with their own washer/dryer. HOA includes Sewer, Trash and Exterior maintenance,& roof. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.