Nice Area

Port Charlotte , FL 33952
3BR, 2BA, Built in 1979
Property photo 0.
General Information
Square Feet1,754
Initial Market Value$309,900
Purchase Price$309,900
Downpayment$77,475
Loan Origination Fees$2,324
Depreciable Closing Costs$9,297
Other Closing Costs and Fixup$0
Initial Cash Invested$89,096
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($1,469)($17,629)
= Cash Flow($95)($1,145)
+ Principal Reduction$216$2,598
+ First-Year Appreciation$1,550$18,594
= Gross Equity Income$1,671$20,047
+ Tax Savings$226$2,710
= GEI w/Tax Savings$1,896$22,757
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$232,425$0
Monthly Payment$1,469.08$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio0.94
Annual Gross Rent Multiplier11
Monthly Gross Rent Multiplier138
Capitalization Rate5.3%
Cash on Cash Return-1%
Total Return on Investment23%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.