| General Information | |
|---|
| Square Feet | 2,332 |
| Initial Market Value | $174,900 |
| Purchase Price | $174,900 |
| Downpayment | $43,725 |
| Loan Origination Fees | $1,312 |
| Depreciable Closing Costs | $8,745 |
| Other Closing Costs and Fixup | $0 |
| Initial Cash Invested | $53,782 |
| Cost per Square Foot | $75 |
| Monthly Rent per Square Foot | $0.64 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,500 | $18,000 |
| Vacancy Losses | ($120) | ($1,440) |
| Operating Income | $1,380 | $16,560 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($105) | ($1,259) |
| Insurance | ($102) | ($1,224) |
| Management Fees | ($110) | ($1,325) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($75) | ($900) |
| Other | $0 | $0 |
| Operating Expenses | ($392) | ($4,708) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $988 | $11,852 |
| - Mortgage Payments | ($829) | ($9,949) |
| = Cash Flow | $159 | $1,902 |
| + Principal Reduction | $122 | $1,466 |
| + First-Year Appreciation | $875 | $10,494 |
| = Gross Equity Income | $1,155 | $13,862 |
| + Tax Savings | $58 | $699 |
| = GEI w/Tax Savings | $1,213 | $14,561 |
| Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $131,175 | $0 |
| Monthly Payment | $829.12 | $0.00 |
| Loan Type | Amortizing Fixed | |
| Term | 30 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.19 |
| Annual Gross Rent Multiplier | 10 |
| Monthly Gross Rent Multiplier | 117 |
| Capitalization Rate | 6.8% |
| Cash on Cash Return | 4% |
| Total Return on Investment | 26% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 5% |
| Comments |
|---|
Occupied 3BR/2BA home is centrally located in the off Vaughn road. Fabulous home with lots of space. Great yard with beautiful private patio & arbor. This is an assignment contract. Tenant to renew lease in June.
|
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.