| General Information | |
|---|
| Square Feet | 2,340 |
| Initial Market Value | $399,000 |
| Purchase Price | $399,000 |
| Downpayment | $99,750 |
| Loan Origination Fees | $2,993 |
| Depreciable Closing Costs | $5,985 |
| Other Closing Costs and Fixup | $100,000 |
| Initial Cash Invested | $208,728 |
| Cost per Square Foot | $171 |
| Monthly Rent per Square Foot | $3.08 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $7,200 | $86,400 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $7,200 | $86,400 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($266) | ($3,192) |
| Insurance | ($156) | ($1,875) |
| Management Fees | ($720) | ($8,640) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($720) | ($8,640) |
| Other | ($1,750) | ($21,000) |
| Operating Expenses | ($3,612) | ($43,347) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,588 | $43,053 |
| - Mortgage Payments | ($1,891) | ($22,698) |
| = Cash Flow | $1,696 | $20,355 |
| + Principal Reduction | $279 | $3,345 |
| + First-Year Appreciation | $998 | $11,970 |
| = Gross Equity Income | $2,972 | $35,670 |
| + Tax Savings | $0 | $0 |
| = GEI w/Tax Savings | $2,972 | $35,670 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $299,250 | $0 |
| Monthly Payment | $1,891.46 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.90 |
| Annual Gross Rent Multiplier | 5 |
| Monthly Gross Rent Multiplier | 55 |
| Capitalization Rate | 10.8% |
| Cash on Cash Return | 10% |
| Total Return on Investment | 17% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% |
| Vacancy Rate | 0% |
| Management Fee | 10% |
| Maintenance Percentage | 10% |
| Comments |
|---|
Completely renovated (275,000 reno) Really nice part of town near hospitals, parks.
"other costs" pay for all 4 units furnishing. Spent approximately 25k per unit.
4 units.. 3 bed, 2 bad, studio and 1 bedroom all short or mid term rentals. M |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
