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$16,225
Loan Origination Fees$487
Depreciable Closing Costs$2,596
Other Closing Costs and Fixup$0
Initial Cash Invested$19,308
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($67)($798)
Insurance($32)($389)
Management Fees($63)($751)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($68)($816)
Other$0$0
Operating Expenses($230)($2,754)
Net PerformanceMonthlyAnnual
Net Operating Income$552$6,630
- Mortgage Payments($261)($3,136)
= Cash Flow$291$3,494
+ Principal Reduction$60$718
+ First-Year Appreciation$162$1,947
= Gross Equity Income$513$6,159
+ Tax Savings$0$0
= GEI w/Tax Savings$513$6,159
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$48,675$0
Monthly Payment$261.30$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio2.11
Annual Gross Rent Multiplier6
Monthly Gross Rent Multiplier76
Capitalization Rate10.2%
Cash on Cash Return18%
Total Return on Investment32%
Total ROI with Tax Savings32%
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.