| General Information | |
|---|
| Square Feet | 2,647 |
| Purchase Price | $559,490 |
| Initial Market Value | $559,490 |
| Downpayment | $167,847 |
| Closing Costs | $9,511 |
| Initial Cash Invested | $177,358 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $3,000 | $36,000 |
| Vacancy Losses | $240 | $2,880 |
| Operating Income | $2,760 | $33,120 |
| Operating Expenses | $544 | $6,529 |
| Financial Indicators | |
|---|
| Capitalization Rate | 4.8% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 23% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,216 | $26,591 |
| - Mortgage Payments | $2,100 | $25,200 |
| = Cash Flow | $116 | $1,391 |
| + Principal Reduction | $482 | $5,789 |
| + First-Year Appreciation | $2,797 | $33,569 |
| = Gross Equity Income | $3,396 | $40,749 |
| 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.