| General Information | |
|---|
| Square Feet | 2,000 |
| Initial Market Value | $535,000 |
| Purchase Price | $535,000 |
| Downpayment | $133,750 |
| Loan Origination Fees | $4,013 |
| Depreciable Closing Costs | $16,050 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $153,813 |
| Cost per Square Foot | $268 |
| Monthly Rent per Square Foot | $3.50 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $7,000 | $84,000 |
| Vacancy Losses | ($560) | ($6,720) |
| Operating Income | $6,440 | $77,280 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($152) | ($1,819) |
| Insurance | ($152) | ($1,819) |
| Management Fees | ($1,030) | ($12,365) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($210) | ($2,520) |
| Other | ($800) | ($9,600) |
| Operating Expenses | ($2,344) | ($28,123) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $4,096 | $49,157 |
| - Mortgage Payments | ($2,536) | ($30,434) |
| = Cash Flow | $1,560 | $18,723 |
| + Principal Reduction | $374 | $4,485 |
| + First-Year Appreciation | $2,675 | $32,100 |
| = Gross Equity Income | $4,609 | $55,308 |
| + Tax Savings | $0 | $0 |
| = GEI w/Tax Savings | $4,609 | $55,308 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $401,250 | $0 |
| Monthly Payment | $2,536.17 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.62 |
| Annual Gross Rent Multiplier | 6 |
| Monthly Gross Rent Multiplier | 76 |
| Capitalization Rate | 9.2% |
| Cash on Cash Return | 12% |
| Total Return on Investment | 36% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 16% |
| Maintenance Percentage | 3% |
| Comments |
|---|
| This Co-Living home is fully furnished and ready for Padsplit to start filling the rooms to generate income. Includes kitchen set up with every plate, fork, knife and spoon. Two sets of washer and dryers and two refrigerators. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.