| General Information | |
|---|
| Square Feet | 2,144 |
| Initial Market Value | $494,490 |
| Purchase Price | $494,490 |
| Downpayment | $148,347 |
| Loan Origination Fees | $3,461 |
| Depreciable Closing Costs | $4,945 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $156,753 |
| Cost per Square Foot | $231 |
| Monthly Rent per Square Foot | $1.35 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,900 | $34,800 |
| Vacancy Losses | ($232) | ($2,784) |
| Operating Income | $2,668 | $32,016 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($210) | ($2,522) |
| Insurance | ($103) | ($1,236) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($111) | ($1,332) |
| Maintenance | ($58) | ($696) |
| Other | $0 | $0 |
| Operating Expenses | ($568) | ($6,818) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,100 | $25,198 |
| - Mortgage Payments | ($1,856) | ($22,273) |
| = Cash Flow | $244 | $2,925 |
| + Principal Reduction | $426 | $5,116 |
| + First-Year Appreciation | $2,472 | $29,669 |
| = Gross Equity Income | $3,143 | $37,711 |
| + Tax Savings | $186 | $2,238 |
| = GEI w/Tax Savings | $3,329 | $39,948 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $346,143 | $0 |
| Monthly Payment | $1,856.06 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.13 |
| Annual Gross Rent Multiplier | 14 |
| Monthly Gross Rent Multiplier | 171 |
| Capitalization Rate | 5.1% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 24% |
| + 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.