Pre-Leased Property
Edmond, OK 73013
3 bedrooms 2 bathrooms
3BR, 2BA, Built in 2021
| Square Feet | 1,619 | | Initial Market Value | $280,000 | | Purchase Price | $280,000 | | Downpayment | $70,000 | | Loan Origination Fees | $2,625 | | Depreciable Closing Costs | $14,000 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $86,625 | | Cost per Square Foot | $173 | | Monthly Rent per Square Foot | $1.17 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,895 | $22,740 | | Vacancy Losses | ($152) | ($1,819) | | Operating Income | $1,743 | $20,921 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($292) | ($3,500) | | Insurance | ($98) | ($1,176) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($24) | ($288) | | Maintenance | ($38) | ($455) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($452) | ($5,419) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,292 | $15,502 | | - Mortgage Payments | ($1,310) | ($15,722) | | = Cash Flow | ($18) | ($220) | | + Principal Reduction | $200 | $2,403 | | + First-Year Appreciation | $1,400 | $16,800 | | = Gross Equity Income | $1,582 | $18,984 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $210,000 | $0 | | Monthly Payment | $1,310.13 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 0.99 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 5.5% | | Cash on Cash Return | 0% | | Return on Investment | 22% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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