Property Information

1 Year Occupancy & Maintenance Warranty Included
Dayton, OH 45406
3br/1ba
Square Feet1,015
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$64
Monthly Rent per Square Foot$0.68
IncomeMonthlyAnnual
Gross Rent$695$8,340
Vacancy Losses($35)($417)
Operating Income$660$7,923
ExpensesMonthlyAnnual
Property Taxes($122)($1,460)
Insurance($22)($260)
Management Fees($53)($634)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($35)($417)
Other$0$0
Operating Expenses($231)($2,771)
Net PerformanceMonthlyAnnual
Net Operating Income$429$5,152
- Mortgage Payments($254)($3,047)
= Cash Flow$175$2,105
+ Principal Reduction$63$751
+ First-Year Appreciation$325$3,894
= Gross Equity Income$563$6,750
+ Tax Savings$0$0
= GEI w/Tax Savings$563$6,750
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$48,675$0
Monthly Payment$253.91$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.69
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier93
Capitalization Rate7.9%
Cash on Cash Return11%
Total Return on Investment35%
Total ROI with Tax Savings35%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate5%
Management Fee8%
Maintenance Percentage5%
Comments
Cottage cute inside and out! All the upgrades and easy to maintain finishes and quality that you have come to expect from our company! Comes complete with a happy, well qualified tenant.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.