| General Information | |
|---|
| Square Feet | 1,507 |
| Initial Market Value | $451,490 |
| Purchase Price | $451,490 |
| Downpayment | $135,447 |
| Loan Origination Fees | $3,160 |
| Depreciable Closing Costs | $4,515 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $143,122 |
| Cost per Square Foot | $300 |
| Monthly Rent per Square Foot | $1.66 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,500 | $30,000 |
| Vacancy Losses | ($200) | ($2,400) |
| Operating Income | $2,300 | $27,600 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($184) | ($2,212) |
| Insurance | ($94) | ($1,129) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($130) | ($1,560) |
| Maintenance | ($50) | ($600) |
| Other | $0 | $0 |
| Operating Expenses | ($544) | ($6,533) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,756 | $21,067 |
| - Mortgage Payments | ($1,695) | ($20,336) |
| = Cash Flow | $61 | $731 |
| + Principal Reduction | $389 | $4,671 |
| + First-Year Appreciation | $2,257 | $27,089 |
| = Gross Equity Income | $2,708 | $32,492 |
| + Tax Savings | $226 | $2,708 |
| = GEI w/Tax Savings | $2,933 | $35,200 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $316,043 | $0 |
| Monthly Payment | $1,694.66 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.04 |
| Annual Gross Rent Multiplier | 15 |
| Monthly Gross Rent Multiplier | 181 |
| Capitalization Rate | 4.7% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 23% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | $86 |
| Maintenance Percentage | 2% |
| Comments |
|---|
Builder offering 4.99 rate and 2% towards closing costs, all appliances. Including washer/dryer. Cable included.
Other incentives may apply. Not exact rendering. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.