Property Information

SOLD
Nice Area
Port Charlotte , FL 33952
3BR, 2BA, Built in 1979
Square Feet1,754
Initial Market Value$309,900
Purchase Price$309,900
Downpayment$309,900
Loan Origination Fees$0
Depreciable Closing Costs$9,297
Other Closing Costs and Fixup$0
Initial Cash Invested$319,197
Cost per Square Foot$177
Monthly Rent per Square Foot$1.28
IncomeMonthlyAnnual
Gross Rent$2,250$27,000
Vacancy Losses($180)($2,160)
Operating Income$2,070$24,840
ExpensesMonthlyAnnual
Property Taxes($310)($3,719)
Insurance($103)($1,240)
Management Fees($166)($1,987)
Leasing/Advertising Fees$0$0
Association Fees($50)($600)
Maintenance($68)($810)
Other$0$0
Operating Expenses($696)($8,356)
Net PerformanceMonthlyAnnual
Net Operating Income$1,374$16,484
- Mortgage Payments$0$0
= Cash Flow$1,374$16,484
+ Principal Reduction$0$0
+ First-Year Appreciation$1,550$18,594
= Gross Equity Income$2,923$35,078
+ Tax Savings$0$0
= GEI w/Tax Savings$2,923$35,078
Mortgage InfoFirstSecond
Loan-to-Value Ratio0%0%
Loan Amount$0$0
Monthly Payment$0.00$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate0.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage RatioN/A
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier138
Capitalization Rate5.3%
Cash on Cash Return5%
Total Return on Investment11%
Total ROI with Tax Savings11%
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.