| General Information | |
|---|
| Square Feet | 1,619 |
| Initial Market Value | $280,000 |
| Purchase Price | $280,000 |
| Downpayment | $140,000 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $14,000 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $154,000 |
| Cost per Square Foot | $173 |
| Monthly Rent per Square Foot | $1.17 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,895 | $22,740 |
| Vacancy Losses | ($152) | ($1,819) |
| Operating Income | $1,743 | $20,921 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($292) | ($3,500) |
| Insurance | ($89) | ($1,064) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($24) | ($288) |
| Maintenance | ($38) | ($455) |
| Other | $0 | $0 |
| Operating Expenses | ($442) | ($5,307) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,301 | $15,614 |
| - Mortgage Payments | ($896) | ($10,757) |
| = Cash Flow | $405 | $4,857 |
| + Principal Reduction | $127 | $1,528 |
| + First-Year Appreciation | $1,400 | $16,800 |
| = Gross Equity Income | $1,932 | $23,185 |
| + Tax Savings | $65 | $779 |
| = GEI w/Tax Savings | $1,997 | $23,963 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 50% | 0% |
| Loan Amount | $140,000 | $0 |
| Monthly Payment | $896.44 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.45 |
| Annual Gross Rent Multiplier | 12 |
| Monthly Gross Rent Multiplier | 148 |
| Capitalization Rate | 5.6% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 15% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate 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.
