Property Information

SOLD
Nice Investment Opportunity!
Jackson, MS 39212
3/2 - Built 1979
Square Feet1,179
Initial Market Value$85,000
Purchase Price$85,000
Downpayment$21,250
Loan Origination Fees$0
Depreciable Closing Costs$4,250
Other Closing Costs and Fixup$0
Initial Cash Invested$25,500
Cost per Square Foot$72
Monthly Rent per Square Foot$0.76
IncomeMonthlyAnnual
Gross Rent$900$10,800
Vacancy Losses($72)($864)
Operating Income$828$9,936
ExpensesMonthlyAnnual
Property Taxes($92)($1,105)
Insurance($62)($748)
Management Fees($66)($795)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($72)($864)
Other$0$0
Operating Expenses($293)($3,512)
Net PerformanceMonthlyAnnual
Net Operating Income$535$6,424
- Mortgage Payments($286)($3,435)
= Cash Flow$249$2,989
+ Principal Reduction$102$1,224
+ First-Year Appreciation$425$5,100
= Gross Equity Income$776$9,312
+ Tax Savings$0$0
= GEI w/Tax Savings$776$9,312
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$63,750$0
Monthly Payment$286.27$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate3.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.87
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier94
Capitalization Rate7.6%
Cash on Cash Return12%
Total Return on Investment37%
Total ROI with Tax Savings37%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.