| General Information | |
|---|
| Square Feet | 1,761 |
| Initial Market Value | $399,900 |
| Purchase Price | $399,900 |
| Downpayment | $99,975 |
| Loan Origination Fees | $11,847 |
| Depreciable Closing Costs | $11,997 |
| Other Costs and Fixup | $60 |
| Approximate Cash Invested | $123,879 |
| Cost per Square Foot | $227 |
| Monthly Rent per Square Foot | $1.53 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,690 | $32,280 |
| Vacancy Losses | ($215) | ($2,582) |
| Operating Income | $2,475 | $29,698 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($500) | ($5,999) |
| Insurance | ($73) | ($880) |
| Management Fees | ($198) | ($2,376) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($54) | ($646) |
| Other (Utilities, Supplies, etc.) | $0 | $0 |
| Operating Expenses | ($825) | ($9,900) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,650 | $19,798 |
| - Mortgage Payments | ($1,389) | ($16,668) |
| = Cash Flow | $261 | $3,130 |
| + Principal Reduction | $460 | $5,515 |
| + First-Year Appreciation | $2,000 | $23,994 |
| = Gross Equity Income | $2,720 | $32,639 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $299,925 | $0 |
| Monthly Payment | $1,389.00 | $0.00 |
| Loan Type | Amortizing ARM | |
| Term | 10 Years | |
| Interest Rate | 3.750% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% |
| Debt Coverage Ratio | 1.19 |
| Annual Gross Rent Multiplier | 12 |
| Capitalization Rate | 5.0% |
| Cash on Cash Return | 3% |
| Return on Investment | 26% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 2% |
| Comments |
|---|
| Rates as low as 3.75% using in-house lender |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
