| General Information | |
|---|
| Square Feet | 3,480 |
| Initial Market Value | $485,000 |
| Purchase Price | $485,000 |
| Downpayment | $121,250 |
| Loan Origination Fees | $3,638 |
| Depreciable Closing Costs | $14,550 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $139,438 |
| Cost per Square Foot | $139 |
| Monthly Rent per Square Foot | $1.15 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $4,000 | $48,000 |
| Vacancy Losses | ($320) | ($3,840) |
| Operating Income | $3,680 | $44,160 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($614) | ($7,372) |
| Insurance | ($202) | ($2,425) |
| Management Fees | ($294) | ($3,533) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($320) | ($3,840) |
| Other | $0 | $0 |
| Operating Expenses | ($1,431) | ($17,170) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,249 | $26,990 |
| - Mortgage Payments | ($2,299) | ($27,590) |
| = Cash Flow | ($50) | ($600) |
| + Principal Reduction | $339 | $4,066 |
| + First-Year Appreciation | $2,425 | $29,100 |
| = Gross Equity Income | $2,714 | $32,566 |
| + Tax Savings | $319 | $3,832 |
| = GEI w/Tax Savings | $3,033 | $36,398 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $363,750 | $0 |
| Monthly Payment | $2,299.15 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.98 |
| Annual Gross Rent Multiplier | 10 |
| Monthly Gross Rent Multiplier | 121 |
| Capitalization Rate | 5.6% |
| Cash on Cash Return | 0% |
| Total Return on Investment | 23% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 8% |
| Comments |
|---|
| Remodeled and Fully Rented - Apartment Building - Five Plex in Residential Neighborhood. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.