| General Information | |
|---|
| Square Feet | 1,877 |
| Initial Market Value | $439,999 |
| Purchase Price | $439,999 |
| Downpayment | $132,000 |
| Loan Origination Fees | $3,080 |
| Depreciable Closing Costs | $4,400 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $139,480 |
| Cost per Square Foot | $234 |
| Monthly Rent per Square Foot | $1.55 |
| 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 | ($220) | ($2,640) |
| Insurance | ($92) | ($1,100) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($149) | ($1,788) |
| Maintenance | ($58) | ($696) |
| Other | $0 | $0 |
| Operating Expenses | ($605) | ($7,256) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,063 | $24,760 |
| - Mortgage Payments | ($1,652) | ($19,818) |
| = Cash Flow | $412 | $4,942 |
| + Principal Reduction | $379 | $4,552 |
| + First-Year Appreciation | $2,200 | $26,400 |
| = Gross Equity Income | $2,991 | $35,894 |
| + Tax Savings | $99 | $1,189 |
| = GEI w/Tax Savings | $3,090 | $37,083 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $307,999 | $0 |
| Monthly Payment | $1,651.52 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.25 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 152 |
| Capitalization Rate | 5.6% |
| Cash on Cash Return | 4% |
| Total Return on Investment | 26% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | $86 |
| Maintenance Percentage | 2% |
| Comments |
|---|
| 3% off base price on quick move in |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
