Property Information

Southaven Property Available!
Southaven, MS 38671
3 bdrms, 2 baths, built in 2011
Square Feet1,643
Initial Market Value$127,900
Purchase Price$127,900
Downpayment$31,975
Loan Origination Fees$959
Depreciable Closing Costs$5,116
Other Closing Costs and Fixup$0
Initial Cash Invested$38,050
Cost per Square Foot$78
Monthly Rent per Square Foot$0.70
IncomeMonthlyAnnual
Gross Rent$1,150$13,800
Vacancy Losses($92)($1,104)
Operating Income$1,058$12,696
ExpensesMonthlyAnnual
Property Taxes($182)($2,187)
Insurance($58)($691)
Management Fees($95)($1,143)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($35)($414)
Other$0$0
Operating Expenses($370)($4,434)
Net PerformanceMonthlyAnnual
Net Operating Income$688$8,262
- Mortgage Payments($500)($6,005)
= Cash Flow$188$2,257
+ Principal Reduction$123$1,480
+ First-Year Appreciation$640$7,674
= Gross Equity Income$951$11,411
+ Tax Savings$5$58
= GEI w/Tax Savings$956$11,469
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$95,925$0
Monthly Payment$500.39$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.38
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier111
Capitalization Rate6.5%
Cash on Cash Return6%
Total Return on Investment30%
Total ROI with Tax Savings30%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee9%
Maintenance Percentage3%
Comments
3 bedrooms, two bathrooms, 1643 square feet, two car garage, recent build. Currently rented for $1150.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.