| General Information | |
|---|
| Square Feet | 2,953 |
| Initial Market Value | $299,900 |
| Purchase Price | $299,900 |
| Downpayment | $74,975 |
| Loan Origination Fees | $2,249 |
| Depreciable Closing Costs | $8,997 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $86,221 |
| Cost per Square Foot | $102 |
| Monthly Rent per Square Foot | $0.91 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,700 | $32,400 |
| Vacancy Losses | ($216) | ($2,592) |
| Operating Income | $2,484 | $29,808 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($380) | ($4,558) |
| Insurance | ($125) | ($1,500) |
| Management Fees | ($199) | ($2,385) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($216) | ($2,592) |
| Other | $0 | $0 |
| Operating Expenses | ($920) | ($11,035) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,564 | $18,773 |
| - Mortgage Payments | ($1,422) | ($17,060) |
| = Cash Flow | $143 | $1,713 |
| + Principal Reduction | $210 | $2,514 |
| + First-Year Appreciation | $1,500 | $17,994 |
| = Gross Equity Income | $1,852 | $22,221 |
| + Tax Savings | $138 | $1,655 |
| = GEI w/Tax Savings | $1,990 | $23,876 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $224,925 | $0 |
| Monthly Payment | $1,421.68 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.10 |
| Annual Gross Rent Multiplier | 9 |
| Monthly Gross Rent Multiplier | 111 |
| Capitalization Rate | 6.3% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 26% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 8% |
| Comments |
|---|
| 2% Seller credit towards rate buy down or closing costs |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
