| General Information | |
|---|
| Square Feet | 1,814 |
| Purchase Price | $249,000 |
| Initial Market Value | $249,000 |
| Downpayment | $62,250 |
| Closing Costs | $55,603 |
| Initial Cash Invested | $117,853 |
| Income & Expenses | Monthly | Annual |
|---|
| Gross Rent | $3,350 | $40,200 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $3,350 | $40,200 |
| Operating Expenses | $1,714 | $20,562 |
| Financial Indicators | |
|---|
| Capitalization Rate | 7.9% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 13% |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,636 | $19,638 |
| - Mortgage Payments | $1,180 | $14,165 |
| = Cash Flow | $456 | $5,473 |
| + Principal Reduction | $174 | $2,087 |
| + First-Year Appreciation | $623 | $7,470 |
| = Gross Equity Income | $1,253 | $15,030 |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% |
| Vacancy Rate | 0% |
| Management Fee | 10% |
| Comments |
|---|
Completely renovatedReally nice part of town near hospitals, parks.
"other costs" pay for all 2 units furnishing. Spent approximately 25k per unit.
3bd 1ba and 1bd 1ba |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.