Investment Property
Cape Coral, FL 33909
3BR, 2BA, Built in 2018
Square Feet1,613
Initial Market Value$379,000
Purchase Price$379,000
Downpayment$94,750
Loan Origination Fees$6,396
Depreciable Closing Costs$11,370
Other Closing Costs and Fixup$0
Initial Cash Invested$112,516
Cost per Square Foot$235
Monthly Rent per Square Foot$1.49
IncomeMonthlyAnnual
Gross Rent$2,400$28,800
Vacancy Losses($192)($2,304)
Operating Income$2,208$26,496
ExpensesMonthlyAnnual
Property Taxes($379)($4,548)
Insurance($126)($1,516)
Management Fees($177)($2,120)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($72)($864)
Other$0$0
Operating Expenses($754)($9,048)
Net PerformanceMonthlyAnnual
Net Operating Income$1,454$17,448
- Mortgage Payments($1,889)($22,671)
= Cash Flow($435)($5,222)
+ Principal Reduction$241$2,893
+ First-Year Appreciation$1,895$22,740
= Gross Equity Income$1,701$20,411
+ Tax Savings$394$4,722
= GEI w/Tax Savings$2,094$25,133
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$284,250$0
Monthly Payment$1,889.21$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.990%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio0.77
Annual Gross Rent Multiplier13
Monthly Gross Rent Multiplier158
Capitalization Rate4.6%
Cash on Cash Return-5%
Total Return on Investment18%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.