Investment Property
Cape Coral, FL 33909
3BR, 2BA, Built in 2018
Square Feet | 1,613 | 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 |
Income | Monthly | Annual |
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Gross Rent | $2,400 | $28,800 | Vacancy Losses | ($192) | ($2,304) | Operating Income | $2,208 | $26,496 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $284,250 | $0 | Monthly Payment | $1,889.21 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 0.77 | Annual Gross Rent Multiplier | 13 | Monthly Gross Rent Multiplier | 158 | Capitalization Rate | 4.6% | Cash on Cash Return | -5% | Total Return on Investment | 18% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 3% | *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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