PRE-LEASED Home - Long-Term Tenant!
Vance, AL 35490
3bd • 2ba • Built: 2007
Immediate cash flow with tenant in place!
| Estimated Square Feet | 1,141 | | Initial Market Value | $180,000 | | Purchase Price | $180,000 | | Downpayment | $45,000 | | Loan Origination Fees | $4,050 | | Depreciable Closing Costs | $0 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $49,050 | | Cost per Square Foot / per Bedroom | $158 / $60,000 | | Monthly Rent per SQFT / per Bedroom | $1.16 / $442 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,325 | $15,900 | | Vacancy Losses | ($106) | ($1,272) | | Operating Income | $1,219 | $14,628 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($98) | ($1,170) | | Insurance | ($60) | ($720) | | Management Fees | ($86) | ($1,032) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($27) | ($318) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($270) | ($3,240) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $949 | $11,388 | | - Mortgage Payments | ($745) | ($8,944) | | = Cash Flow | $204 | $2,444 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $338 | $4,050 | | + First-Year Appreciation | $900 | $10,800 | | = Gross Equity Income | $1,441 | $17,294 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $135,000 | N/A | | Monthly Payment | $745.31 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.625% / 3.625% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.7% | | Debt Coverage Ratio | 1.27 | | Annual Gross Rent Multiplier | 11 | | Capitalization Rate | 6.3% | | Cash on Cash Return | 5% | | Return on Investment | 27% | | Return on Investment with IIDD | 35% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $86 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Near Mercedes Benz USA Facility. Tenant in place until at least April 2026. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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