Pre-Leased Property
Vero Beach, FL 32962
3bd • 2ba • Built: 1977
3 Bedroom 2 Full Bath, 2 car garage, ~1/2 acre
| Estimated Square Feet | 2,271 | | Initial Market Value | $425,000 | | Price | $425,000 | | Downpayment | $106,250 | | Loan Origination Fees | $6,375 | | Depreciable Closing Costs | $12,750 | | Other Costs and Fixup | $10,000 | | Approximate Cash Invested | $135,375 | | Cost per Square Foot / per Bedroom | $187 / $141,667 | | Monthly Rent per SQFT / per Bedroom | $1.14 / $865 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,595 | $31,140 | | Vacancy Losses | ($208) | ($2,491) | | Operating Income | $2,387 | $28,649 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($425) | ($5,100) | | Insurance | ($266) | ($3,188) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($208) | ($2,491) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($898) | ($10,779) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,489 | $17,870 | | - Mortgage Payments | ($1,660) | ($19,922) | | = Cash Flow | ($171) | ($2,052) | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $797 | $9,563 | | + First-Year Appreciation | $1,771 | $21,250 | | = Gross Equity Income | $2,397 | $28,761 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $318,750 | N/A | | Monthly Payment | $1,660.16 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.250% / 3.250% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 0.90 | | Annual Gross Rent Multiplier | 14 | | Capitalization Rate | 4.2% | | Cash on Cash Return | -2% | | Return on Investment | 14% | | Return on Investment with IIDD | 21% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 5% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 8% |
*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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