Amazing Cash Flowing Property in Hobart
Hobart, IN 46342
2 beds and 2 baths built in 1939
| Square Feet | 768 | | 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 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $850 | $10,200 | | Vacancy Losses | ($68) | ($816) | | Operating Income | $782 | $9,384 |
| Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 80% | 0% | | Loan Amount | $51,920 | $0 | | Monthly Payment | $278.72 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.79 | | Annual Gross Rent Multiplier | 6 | | Monthly Gross Rent Multiplier | 76 | | Capitalization Rate | 9.2% | | Cash on Cash Return | 16% | | Total Return on Investment | 33% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 8% |
*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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