CLIENT

Edmond, OK 73013
3 bedrooms 2 bathrooms
3BR, 2BA, Built in 2021
Property photo 0.
General Information
Square Feet1,619
Initial Market Value$280,000
Purchase Price$280,000
Downpayment$84,000
Loan Origination Fees$3,920
Depreciable Closing Costs$14,000
Other Closing Costs and Fixup$0
Initial Cash Invested$101,920
Cost per Square Foot$173
Monthly Rent per Square Foot$1.17
IncomeMonthlyAnnual
Gross Rent$1,895$22,740
Vacancy Losses($152)($1,819)
Operating Income$1,743$20,921
ExpensesMonthlyAnnual
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$0$0
Operating Expenses($452)($5,419)
Net PerformanceMonthlyAnnual
Net Operating Income$1,292$15,502
- Mortgage Payments($1,082)($12,985)
= Cash Flow$210$2,517
+ Principal Reduction$0$0
+ First-Year Appreciation$1,400$16,800
= Gross Equity Income$1,610$19,317
+ Tax Savings$175$2,105
= GEI w/Tax Savings$1,785$21,422
Mortgage InfoFirstSecond
Loan-to-Value Ratio70%0%
Loan Amount$196,000$0
Monthly Payment$1,082.08$0.00
Loan TypeInterest Only Fixed
Term10 Years
Interest Rate6.625%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.19
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier148
Capitalization Rate5.5%
Cash on Cash Return2%
Total Return on Investment19%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee0%
Maintenance Percentage2%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.