| General Information | |
|---|
| Square Feet | 2,524 |
| Initial Market Value | $564,990 |
| Purchase Price | $564,990 |
| Downpayment | $169,497 |
| Loan Origination Fees | $3,955 |
| Depreciable Closing Costs | $5,650 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $179,102 |
| Cost per Square Foot | $224 |
| Monthly Rent per Square Foot | $1.19 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,000 | $36,000 |
| Vacancy Losses | ($120) | ($1,440) |
| Operating Income | $2,880 | $34,560 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($235) | ($2,825) |
| Insurance | ($141) | ($1,695) |
| Management Fees | ($40) | ($480) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($111) | ($1,332) |
| Maintenance | ($60) | ($720) |
| Other | $0 | $0 |
| Operating Expenses | ($588) | ($7,052) |
| 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 |
| + Tax Savings | $250 | $2,996 |
| = GEI w/Tax Savings | $2,792 | $33,502 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $395,493 | $0 |
| Monthly Payment | $2,120.68 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 7 Years | |
| Interest Rate | 4.990% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.08 |
| Annual Gross Rent Multiplier | 16 |
| Monthly Gross Rent Multiplier | 188 |
| Capitalization Rate | 4.9% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 17% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 4% |
| Vacancy Rate | 4% |
| Management Fee | $40 |
| 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.
