| General Information | |
|---|
| Square Feet | 2,000 |
| Purchase Price | $535,000 |
| Initial Market Value | $535,000 |
| Downpayment | $133,750 |
| Closing Costs | $20,063 |
| Initial Cash Invested | $153,813 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $7,000 | $84,000 |
| Vacancy Losses | $560 | $6,720 |
| Operating Income | $6,440 | $77,280 |
| Operating Expenses | $2,344 | $28,123 |
| Financial Indicators | |
|---|
| Capitalization Rate | 9.2% |
| Cash on Cash Return | 12% |
| Total Return on Investment | 36% |
| 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 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 16% |
| 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.