| General Information | |
|---|
| Square Feet | 2,647 |
| Initial Market Value | $559,490 |
| Purchase Price | $559,490 |
| Downpayment | $167,847 |
| Loan Origination Fees | $3,916 |
| Depreciable Closing Costs | $5,595 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $177,358 |
| Cost per Square Foot | $211 |
| Monthly Rent per Square Foot | $1.13 |
| 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 | ($186) | ($2,238) |
| Insurance | ($117) | ($1,399) |
| Management Fees | ($86) | ($1,032) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($95) | ($1,140) |
| Maintenance | ($60) | ($720) |
| Other | $0 | $0 |
| Operating Expenses | ($544) | ($6,529) |
| 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 |
| + Tax Savings | $266 | $3,190 |
| = GEI w/Tax Savings | $3,662 | $43,939 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $391,643 | $0 |
| Monthly Payment | $2,100.03 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.06 |
| Annual Gross Rent Multiplier | 16 |
| Monthly Gross Rent Multiplier | 186 |
| Capitalization Rate | 4.8% |
| Cash on Cash Return | 1% |
| 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 |
|---|
.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.
