| General Information | |
|---|
| Square Feet | 1,519 |
| Initial Market Value | $454,990 |
| Purchase Price | $454,990 |
| Downpayment | $136,497 |
| Loan Origination Fees | $3,185 |
| Depreciable Closing Costs | $4,550 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $144,232 |
| Cost per Square Foot | $300 |
| Monthly Rent per Square Foot | $1.84 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $2,800 | $33,600 |
| Vacancy Losses | ($224) | ($2,688) |
| Operating Income | $2,576 | $30,912 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($227) | ($2,730) |
| Insurance | ($95) | ($1,137) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($125) | ($1,500) |
| Maintenance | ($56) | ($672) |
| Other | $0 | $0 |
| Operating Expenses | ($589) | ($7,071) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,987 | $23,841 |
| - Mortgage Payments | ($1,708) | ($20,493) |
| = Cash Flow | $279 | $3,347 |
| + Principal Reduction | $392 | $4,707 |
| + First-Year Appreciation | $2,275 | $27,299 |
| = Gross Equity Income | $2,946 | $35,354 |
| + Tax Savings | $153 | $1,834 |
| = GEI w/Tax Savings | $3,099 | $37,188 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $318,493 | $0 |
| Monthly Payment | $1,707.79 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.16 |
| Annual Gross Rent Multiplier | 14 |
| Monthly Gross Rent Multiplier | 162 |
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 2% |
| Total Return on Investment | 25% |
| + 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 move in ready |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
