| General Information | |
|---|
| Square Feet | 2,144 |
| Purchase Price | $494,490 |
| Initial Market Value | $494,490 |
| Downpayment | $148,347 |
| Closing Costs | $8,406 |
| Initial Cash Invested | $156,753 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $2,900 | $34,800 |
| Vacancy Losses | $232 | $2,784 |
| Operating Income | $2,668 | $32,016 |
| Operating Expenses | $568 | $6,818 |
| Financial Indicators | |
|---|
| Capitalization Rate | 5.1% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 24% |
| 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 |
| 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.