| General Information | |
|---|
| Square Feet | 1,840 |
| Initial Market Value | $369,990 |
| Purchase Price | $369,990 |
| Downpayment | $369,990 |
| Loan Origination Fees | $0 |
| Depreciable Closing Costs | $7,400 |
| Other Closing Costs and Fixup | $0 |
| Approximate Cash Invested | $377,390 |
| Cost per Square Foot | $201 |
| 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 | ($154) | ($1,850) |
| Insurance | ($46) | ($555) |
| Management Fees | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | ($90) | ($1,080) |
| Maintenance | ($42) | ($504) |
| Other | $0 | $0 |
| Operating Expenses | ($332) | ($3,989) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,600 | $19,195 |
| - Mortgage Payments | $0 | $0 |
| = Cash Flow | $1,600 | $19,195 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $1,850 | $22,199 |
| = Gross Equity Income | $3,450 | $41,394 |
| + Tax Savings | $0 | $0 |
| = GEI w/Tax Savings | $3,450 | $41,394 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 0% | 0% |
| Loan Amount | $0 | $0 |
| Monthly Payment | $0.00 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 0.000% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | N/A |
| Annual Gross Rent Multiplier | 15 |
| Monthly Gross Rent Multiplier | 176 |
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 11% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Maintenance Percentage | 2% |
| Comments |
|---|
Self management numbers. *lots and floor plans might change.
Gated community features an amenity center with a community pool, sport court, cornhole and a playground. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
