| General Information | |
|---|
| Square Feet | 1,846 |
| Initial Market Value | $464,890 |
| Purchase Price | $464,890 |
| Downpayment | $139,467 |
| Loan Origination Fees | $3,254 |
| Depreciable Closing Costs | $4,649 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $147,370 |
| Cost per Square Foot | $252 |
| Monthly Rent per Square Foot | $1.63 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,000 | $36,000 |
| Vacancy Losses | ($240) | ($2,880) |
| Operating Income | $2,760 | $33,120 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($232) | ($2,789) |
| Insurance | ($97) | ($1,162) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($60) | ($720) |
| Other | $0 | $0 |
| Operating Expenses | ($475) | ($5,704) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,285 | $27,416 |
| - Mortgage Payments | ($1,797) | ($21,559) |
| = Cash Flow | $488 | $5,857 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,324 | $27,893 |
| = Gross Equity Income | $2,813 | $33,751 |
| + Tax Savings | $224 | $2,688 |
| = GEI w/Tax Savings | $3,037 | $36,438 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $325,423 | $0 |
| Monthly Payment | $1,796.61 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.27 |
| Annual Gross Rent Multiplier | 13 |
| Monthly Gross Rent Multiplier | 155 |
| Capitalization Rate | 5.9% |
| Cash on Cash Return | 4% |
| 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 |
|---|
| 25k to closing costs |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.