| General Information | |
|---|
| Square Feet | 1,480 |
| Initial Market Value | $650,000 |
| Purchase Price | $650,000 |
| Downpayment | $195,000 |
| Loan Origination Fees | $9,100 |
| Depreciable Closing Costs | $19,500 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $223,600 |
| Cost per Square Foot | $439 |
| Monthly Rent per Square Foot | $2.84 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $4,200 | $50,400 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $4,200 | $50,400 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($108) | ($1,300) |
| Insurance | ($27) | ($325) |
| Management Fees | ($336) | ($4,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($210) | ($2,520) |
| Other | $0 | $0 |
| Operating Expenses | ($681) | ($8,177) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,519 | $42,223 |
| - Mortgage Payments | ($2,512) | ($30,144) |
| = Cash Flow | $1,007 | $12,079 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $3,250 | $39,000 |
| = Gross Equity Income | $4,257 | $51,079 |
| + Tax Savings | $215 | $2,586 |
| = GEI w/Tax Savings | $4,472 | $53,665 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $455,000 | $0 |
| Monthly Payment | $2,511.98 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.40 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 155 |
| Capitalization Rate | 6.5% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 23% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 0% |
| Management Fee | 8% |
| Maintenance Percentage | 5% |
| Comments |
|---|
Long term rental is occupied at $1200/month
Price is negotiable and furniture is also negotiable in the offer. Asking $679k |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
