1 Year Occupancy & Maintenance Warranty Included
Dayton, OH 45406
3br/1ba
Square Feet | 1,015 | 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 |
Income | Monthly | Annual |
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Gross Rent | $695 | $8,340 | Vacancy Losses | ($35) | ($417) | Operating Income | $660 | $7,923 |
Expenses | Monthly | Annual |
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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 Performance | Monthly | Annual |
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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 Info | First | Second |
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Loan-to-Value Ratio | 75% | 0% | Loan Amount | $48,675 | $0 | Monthly Payment | $253.91 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 4.750% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
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Debt Coverage Ratio | 1.69 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 93 | Capitalization Rate | 7.9% | Cash on Cash Return | 11% | Total Return on Investment | 35% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
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Real Estate Appreciation Rate | 6% | Vacancy Rate | 5% | Management Fee | 8% | Maintenance Percentage | 5% |
Comments |
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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.
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