| General Information | |
|---|
| Square Feet | 2,524 |
| Purchase Price | $564,990 |
| Initial Market Value | $564,990 |
| Downpayment | $169,497 |
| Closing Costs | $9,605 |
| Initial Cash Invested | $179,102 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $3,000 | $36,000 |
| Vacancy Losses | $120 | $1,440 |
| Operating Income | $2,880 | $34,560 |
| Operating Expenses | $588 | $7,052 |
| Financial Indicators | |
|---|
| Capitalization Rate | 4.9% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 17% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,292 | $27,508 |
| - Mortgage Payments | $2,121 | $25,448 |
| = Cash Flow | $172 | $2,060 |
| + Principal Reduction | $487 | $5,846 |
| + First-Year Appreciation | $1,883 | $22,600 |
| = Gross Equity Income | $2,542 | $30,505 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 4% |
| Vacancy Rate | 4% |
| Management Fee | 40% |
| 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.