| 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 | $3.83 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $7,650 | $91,800 |
| Vacancy Losses | ($612) | ($7,344) |
| Operating Income | $7,038 | $84,456 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($152) | ($1,819) |
| Insurance | ($152) | ($1,819) |
| Management Fees | ($1,126) | ($13,513) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($230) | ($2,754) |
| Other | ($800) | ($9,600) |
| Operating Expenses | ($2,459) | ($29,505) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $4,579 | $54,951 |
| - Mortgage Payments | ($2,536) | ($30,434) |
| = Cash Flow | $2,043 | $24,517 |
| + Principal Reduction | $374 | $4,485 |
| + First-Year Appreciation | $2,675 | $32,100 |
| = Gross Equity Income | $5,092 | $61,102 |
| + Tax Savings | $0 | $0 |
| = GEI w/Tax Savings | $5,092 | $61,102 |
| 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 | 1.81 |
| Annual Gross Rent Multiplier | 6 |
| Monthly Gross Rent Multiplier | 70 |
| Capitalization Rate | 10.3% |
| Cash on Cash Return | 16% |
| Total Return on Investment | 40% |
| + 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 Co-living occupants! Kitchen is set up with all necessities, plates, silverware, glasses, etc. 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.
