| General Information | |
|---|
| Square Feet | 1,507 |
| Purchase Price | $451,490 |
| Initial Market Value | $451,490 |
| Downpayment | $135,447 |
| Closing Costs | $7,675 |
| Initial Cash Invested | $143,122 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $2,500 | $30,000 |
| Vacancy Losses | $200 | $2,400 |
| Operating Income | $2,300 | $27,600 |
| Operating Expenses | $544 | $6,533 |
| Financial Indicators | |
|---|
| Capitalization Rate | 4.7% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 23% |
| 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 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 86% |
| 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.