| General Information | |
|---|
| Square Feet | 1,432 |
| Purchase Price | $369,990 |
| Initial Market Value | $369,990 |
| Downpayment | $110,997 |
| Closing Costs | $22,939 |
| Approximate Cash Invested | $133,936 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $2,000 | $24,000 |
| Vacancy Losses | $160 | $1,920 |
| Operating Income | $1,840 | $22,080 |
| Operating Expenses | $396 | $4,752 |
| Financial Indicators | |
|---|
| Capitalization Rate | 4.7% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 18% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,444 | $17,328 |
| - Mortgage Payments | $1,322 | $15,863 |
| = Cash Flow | $122 | $1,465 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $1,850 | $22,199 |
| = Gross Equity Income | $1,972 | $23,664 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 86% |
| Comments |
|---|
Buyer incentives: Up to $40k reduced price for cash buyers. Blinds, Gutters, Washer, Dryer, Refrigerator, Stainless Steel Whirlpool side by side with water and ice. Double gate on the garage side also.
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*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.