Pre Leased Duplex
Little Rock, AR 72205
3bd • 2ba • Built: 2021
Nice Cash Flow
| Estimated Square Feet | 1,404 | | Initial Market Value | $399,900 | | Purchase Price | $399,900 | | Downpayment | $99,975 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $15,996 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $115,971 | | Cost per Square Foot / per Bedroom | $285 / $133,300 | | Monthly Rent per SQFT / per Bedroom | $2.20 / $1,030 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $3,090 | $37,080 | | Vacancy Losses | ($247) | ($2,966) | | Operating Income | $2,843 | $34,114 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($273) | ($3,279) | | Insurance | ($133) | ($1,600) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($155) | ($1,854) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($561) | ($6,733) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,282 | $27,381 | | - Mortgage Payments | ($1,798) | ($21,578) | | = Cash Flow | $484 | $5,802 | | + Principal Reduction | $307 | $3,683 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $750 | $8,998 | | + First-Year Appreciation | $2,000 | $23,994 | | = Gross Equity Income | $3,540 | $42,477 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $299,925 | N/A | | Monthly Payment | $1,798.20 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.000% / 3.000% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.8% | | Debt Coverage Ratio | 1.27 | | Annual Gross Rent Multiplier | 11 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 5% | | Return on Investment | 29% | | Return on Investment with IIDD | 37% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 5% |
| Comments |
|---|
| -Seller to Pay 2% Towards Rate Buy Down -2 Years Property Management included |
*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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