Fully Furnished & No Rental Restrictions!
Orange Beach, AL 36561
3 Beds - 2.5 Baths - 2 Car Garage
| Square Feet | 2,011 | | Initial Market Value | $550,000 | | Purchase Price | $550,000 | | Downpayment | $137,500 | | Loan Origination Fees | $4,125 | | Depreciable Closing Costs | $16,500 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $158,125 | | Cost per Square Foot | $273 | | Monthly Rent per Square Foot | $1.99 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $3,995 | $47,940 | | Vacancy Losses | ($120) | ($1,438) | | Operating Income | $3,875 | $46,502 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($321) | ($3,850) | | Insurance | ($321) | ($3,850) | | Management Fees | ($388) | ($4,650) | | Leasing/Advertising Fees | ($250) | ($3,000) | | Association Fees | ($166) | ($1,992) | | Maintenance | ($120) | ($1,438) | | Other | $0 | $0 | | Operating Expenses | ($1,565) | ($18,780) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,310 | $27,721 | | - Mortgage Payments | ($2,375) | ($28,495) | | = Cash Flow | ($64) | ($774) | | + Principal Reduction | $453 | $5,430 | | + First-Year Appreciation | $3,667 | $44,000 | | = Gross Equity Income | $4,055 | $48,657 | | + Tax Savings | $341 | $4,096 | | = GEI w/Tax Savings | $4,396 | $52,753 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $412,500 | $0 | | Monthly Payment | $2,374.58 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 1 Years | | | Interest Rate | 5.625% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 0.97 | | Annual Gross Rent Multiplier | 11 | | Monthly Gross Rent Multiplier | 138 | | Capitalization Rate | 5.0% | | Cash on Cash Return | 0% | | Total Return on Investment | 31% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 8% | | Vacancy Rate | 3% | | Management Fee | 10% | | Maintenance Percentage | 3% |
| Comments |
|---|
| Fully Furnished home in Orange Beach! Blue Ribbon Schools! Community Pool and No Rental Restrictions |
*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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