| General Information | |
|---|
| Square Feet | 1,432 |
| Initial Market Value | $369,990 |
| Purchase Price | $369,990 |
| Downpayment | $110,997 |
| Loan Origination Fees | $5,180 |
| Depreciable Closing Costs | $7,400 |
| Other Closing Costs and Fixup | $10,359 |
| Approximate Cash Invested | $133,936 |
| Cost per Square Foot | $258 |
| Monthly Rent per Square Foot | $1.40 |
| Projected Income | Monthly | Annual |
|---|
| Gross Rent | $2,000 | $24,000 |
| Vacancy Losses | ($160) | ($1,920) |
| Operating Income | $1,840 | $22,080 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($139) | ($1,665) |
| Insurance | ($46) | ($555) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($85) | ($1,020) |
| Maintenance | ($40) | ($480) |
| Other | $0 | $0 |
| Operating Expenses | ($396) | ($4,752) |
| 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 |
| + Tax Savings | $273 | $3,282 |
| = GEI w/Tax Savings | $2,245 | $26,946 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $258,993 | $0 |
| Monthly Payment | $1,321.94 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.125% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.09 |
| Annual Gross Rent Multiplier | 15 |
| Monthly Gross Rent Multiplier | 185 |
| Capitalization Rate | 4.7% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 18% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | $86 |
| Maintenance Percentage | 2% |
| 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.
|
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
