Property Information

Great ROI and Annual Cash Flow!
Evansville , IN 47714
Single family residence built in 1945. 4BD 2BA
Square Feet2,928
Initial Market Value$124,900
Purchase Price$124,900
Downpayment$31,225
Loan Origination Fees$937
Depreciable Closing Costs$4,996
Other Closing Costs and Fixup$0
Initial Cash Invested$37,158
Cost per Square Foot$43
Monthly Rent per Square Foot$0.44
IncomeMonthlyAnnual
Gross Rent$1,275$15,300
Vacancy Losses($102)($1,224)
Operating Income$1,173$14,076
ExpensesMonthlyAnnual
Property Taxes($156)($1,874)
Insurance($69)($824)
Management Fees($94)($1,126)
Leasing/Advertising Fees($29)($350)
Association Fees$0$0
Maintenance($102)($1,224)
Other$0$0
Operating Expenses($450)($5,398)
Net PerformanceMonthlyAnnual
Net Operating Income$723$8,678
- Mortgage Payments($489)($5,864)
= Cash Flow$235$2,814
+ Principal Reduction$120$1,445
+ First-Year Appreciation$625$7,494
= Gross Equity Income$979$11,754
+ Tax Savings$0$0
= GEI w/Tax Savings$979$11,754
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$93,675$0
Monthly Payment$488.65$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.48
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier98
Capitalization Rate6.9%
Cash on Cash Return8%
Total Return on Investment32%
Total ROI with Tax Savings32%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Awesome house with tons of character. Located near the University of Evansville! Fantastic opportunity. Full rehab in process. Wonderful location and awesome property.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.