Pre-Leased Property
Vero Beach, FL 32968
3bd • 2ba • Built: 1980
3 Bedroom 2 Full Bath, 1 car garage, recent update
| Estimated Square Feet | 1,050 | | Initial Market Value | $320,000 | | Price | $320,000 | | Downpayment | $80,000 | | Loan Origination Fees | $4,800 | | Depreciable Closing Costs | $9,600 | | Other Costs and Fixup | $10,000 | | Approximate Cash Invested | $104,400 | | Cost per Square Foot / per Bedroom | $305 / $106,667 | | Monthly Rent per SQFT / per Bedroom | $2.10 / $733 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,200 | $26,400 | | Vacancy Losses | ($176) | ($2,112) | | Operating Income | $2,024 | $24,288 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($320) | ($3,840) | | Insurance | ($200) | ($2,400) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($176) | ($2,112) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($696) | ($8,352) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,328 | $15,936 | | - Mortgage Payments | ($1,250) | ($15,000) | | = Cash Flow | $78 | $936 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $600 | $7,200 | | + First-Year Appreciation | $1,333 | $16,000 | | = Gross Equity Income | $2,011 | $24,136 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $240,000 | N/A | | Monthly Payment | $1,250.00 | 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™) | 0.7% | | Debt Coverage Ratio | 1.06 | | Annual Gross Rent Multiplier | 12 | | Capitalization Rate | 5.0% | | Cash on Cash Return | 1% | | Return on Investment | 16% | | Return on Investment with IIDD | 23% | | + 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% |
| Comments |
|---|
| Lease Expires: June 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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