Property Information

IN ESCROW
1 Year Occupancy & Maintenance Warranty Included!
Liberty Twp., OH 45044
4 bdrm, 2.5 bath
Square Feet2,723
Initial Market Value$239,900
Purchase Price$239,900
Downpayment$59,975
Loan Origination Fees$1,799
Depreciable Closing Costs$6,093
Other Closing Costs and Fixup$0
Initial Cash Invested$67,868
Cost per Square Foot$88
Monthly Rent per Square Foot$0.73
IncomeMonthlyAnnual
Gross Rent$1,995$23,940
Vacancy Losses($160)($1,915)
Operating Income$1,835$22,025
ExpensesMonthlyAnnual
Property Taxes($240)($2,879)
Insurance($34)($408)
Management Fees($165)($1,982)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($100)($1,197)
Other$0$0
Operating Expenses($539)($6,466)
Net PerformanceMonthlyAnnual
Net Operating Income$1,297$15,559
- Mortgage Payments($939)($11,263)
= Cash Flow$358$4,296
+ Principal Reduction$231$2,776
+ First-Year Appreciation$1,200$14,394
= Gross Equity Income$1,789$21,466
+ Tax Savings$4$44
= GEI w/Tax Savings$1,793$21,510
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$179,925$0
Monthly Payment$938.57$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.38
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier120
Capitalization Rate6.5%
Cash on Cash Return6%
Total Return on Investment32%
Total ROI with Tax Savings32%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee9%
Maintenance Percentage5%
Comments
Beautiful 2-story colonial home in the award winning Lakota School district. Generous room sizes and an eat-in kitchen. Large fenced in lot, full basement, and a welcoming covered front porch. Solid home, solid location, solid investment!!

*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.