Property Information

Amazing Cash Flowing Property in Hobart
Hobart, IN 46342
2 beds and 2 baths built in 1939
Square Feet768
Initial Market Value$64,900
Purchase Price$64,900
Downpayment$12,980
Loan Origination Fees$519
Depreciable Closing Costs$2,596
Other Closing Costs and Fixup$0
Initial Cash Invested$16,095
Cost per Square Foot$85
Monthly Rent per Square Foot$1.11
IncomeMonthlyAnnual
Gross Rent$850$10,200
Vacancy Losses($68)($816)
Operating Income$782$9,384
ExpensesMonthlyAnnual
Property Taxes($108)($1,298)
Insurance($43)($519)
Management Fees($63)($751)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($68)($816)
Other$0$0
Operating Expenses($282)($3,384)
Net PerformanceMonthlyAnnual
Net Operating Income$500$6,000
- Mortgage Payments($279)($3,345)
= Cash Flow$221$2,655
+ Principal Reduction$64$766
+ First-Year Appreciation$162$1,947
= Gross Equity Income$447$5,369
+ Tax Savings$0$0
= GEI w/Tax Savings$447$5,369
Mortgage InfoFirstSecond
Loan-to-Value Ratio80%0%
Loan Amount$51,920$0
Monthly Payment$278.72$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.79
Annual Gross Rent Multiplier6
Monthly Gross Rent Multiplier76
Capitalization Rate9.2%
Cash on Cash Return16%
Total Return on Investment33%
Total ROI with Tax Savings33%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.