Great ROI and Annual Cash Flow!
Evansville , IN 47714
Single family residence built in 1945. 4BD 2BA
Square Feet | 2,928 | Initial Market Value | $124,900 | Purchase Price | $124,900 | Downpayment | $31,225 | Loan Origination Fees | $2,108 | Depreciable Closing Costs | $4,996 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $38,329 | Cost per Square Foot | $43 | Monthly Rent per Square Foot | $0.44 |
Income | Monthly | Annual |
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Gross Rent | $1,275 | $15,300 | Vacancy Losses | ($102) | ($1,224) | Operating Income | $1,173 | $14,076 |
Expenses | Monthly | Annual |
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Property Taxes | ($156) | ($1,874) | Insurance | ($62) | ($749) | Management Fees | ($94) | ($1,126) | Leasing/Advertising Fees | $0 | $0 | Association Fees | $0 | $0 | Maintenance | ($102) | ($1,224) | Other | $0 | $0 | Operating Expenses | ($414) | ($4,973) |
Net Performance | Monthly | Annual |
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Net Operating Income | $759 | $9,103 | - Mortgage Payments | ($623) | ($7,471) | = Cash Flow | $136 | $1,632 | + Principal Reduction | $79 | $953 | + First-Year Appreciation | $625 | $7,494 | = Gross Equity Income | $840 | $10,079 | + Tax Savings | $35 | $422 | = GEI w/Tax Savings | $875 | $10,501 |
| Mortgage Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $93,675 | $0 | Monthly Payment | $622.59 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.22 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 98 | Capitalization Rate | 7.3% | Cash on Cash Return | 4% | Total Return on Investment | 26% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 8% |
Comments |
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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.
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