1 Year Occupancy & Maintenance Warranty Included!
Liberty Twp., OH 45044
4 bdrm, 2.5 bath
Square Feet | 2,723 | 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 |
Income | Monthly | Annual |
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Gross Rent | $1,995 | $23,940 | Vacancy Losses | ($160) | ($1,915) | Operating Income | $1,835 | $22,025 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $179,925 | $0 | Monthly Payment | $938.57 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 4.750% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.38 | Annual Gross Rent Multiplier | 10 | Monthly Gross Rent Multiplier | 120 | Capitalization Rate | 6.5% | Cash on Cash Return | 6% | Total Return on Investment | 32% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 9% | Maintenance Percentage | 5% |
Comments |
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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.
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