| General Information | |
|---|
| Square Feet | 1,840 |
| Initial Market Value | $422,990 |
| Purchase Price | $422,990 |
| Downpayment | $126,897 |
| Loan Origination Fees | $5,922 |
| Depreciable Closing Costs | $8,460 |
| Other Closing Costs and Fixup | $11,171 |
| Approximate Cash Invested | $152,450 |
| Cost per Square Foot | $230 |
| Monthly Rent per Square Foot | $1.14 |
| Projected Income | Monthly | Annual |
|---|
| Gross Rent | $2,100 | $25,200 |
| Vacancy Losses | ($168) | ($2,016) |
| Operating Income | $1,932 | $23,184 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($176) | ($2,115) |
| Insurance | ($53) | ($634) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($90) | ($1,080) |
| Maintenance | ($42) | ($504) |
| Other | $0 | $0 |
| Operating Expenses | ($361) | ($4,333) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,571 | $18,851 |
| - Mortgage Payments | ($1,511) | ($18,136) |
| = Cash Flow | $60 | $715 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,115 | $25,379 |
| = Gross Equity Income | $2,175 | $26,094 |
| + Tax Savings | $340 | $4,081 |
| = GEI w/Tax Savings | $2,515 | $30,175 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $296,093 | $0 |
| Monthly Payment | $1,511.31 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.125% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.04 |
| Annual Gross Rent Multiplier | 17 |
| Monthly Gross Rent Multiplier | 201 |
| Capitalization Rate | 4.5% |
| Cash on Cash Return | 0% |
| Total Return on Investment | 17% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
Gated community features an amenity center with a community pool, sport court, cornhole and a playground.
Reduced price for cash buyers!
Self management numbers
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*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
