| General Information | |
|---|
| Square Feet | 1,814 |
| Initial Market Value | $249,000 |
| Purchase Price | $249,000 |
| Downpayment | $62,250 |
| Loan Origination Fees | $1,868 |
| Depreciable Closing Costs | $3,735 |
| Other Closing Costs and Fixup | $50,000 |
| Initial Cash Invested | $117,853 |
| Cost per Square Foot | $137 |
| Monthly Rent per Square Foot | $1.85 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,350 | $40,200 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $3,350 | $40,200 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($166) | ($1,992) |
| Insurance | ($98) | ($1,170) |
| Management Fees | ($335) | ($4,020) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($335) | ($4,020) |
| Other | ($780) | ($9,360) |
| Operating Expenses | ($1,714) | ($20,562) |
| 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 |
| + Tax Savings | $0 | $0 |
| = GEI w/Tax Savings | $1,253 | $15,030 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $186,750 | $0 |
| Monthly Payment | $1,180.39 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.39 |
| Annual Gross Rent Multiplier | 6 |
| Monthly Gross Rent Multiplier | 74 |
| Capitalization Rate | 7.9% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 13% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% |
| Vacancy Rate | 0% |
| Management Fee | 10% |
| Maintenance Percentage | 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.
