WOW! Check out this exclusive 3-bedroom turnkey!
Dayton, OH 45403
3 bedroom, 1 bathroom - built in 1951
| Square Feet | 1,040 | | Initial Market Value | $79,000 | | Purchase Price | $79,000 | | Downpayment | $19,750 | | Loan Origination Fees | $1,333 | | Depreciable Closing Costs | $3,950 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $25,033 | | Cost per Square Foot | $76 | | Monthly Rent per Square Foot | $0.82 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $850 | $10,200 | | Vacancy Losses | ($68) | ($816) | | Operating Income | $782 | $9,384 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($99) | ($1,185) | | Insurance | ($50) | ($600) | | Management Fees | ($63) | ($751) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($68) | ($816) | | Other | $0 | $0 | | Operating Expenses | ($279) | ($3,352) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $503 | $6,032 | | - Mortgage Payments | ($394) | ($4,725) | | = Cash Flow | $109 | $1,306 | | + Principal Reduction | $50 | $603 | | + First-Year Appreciation | $395 | $4,740 | | = Gross Equity Income | $554 | $6,649 | | + Tax Savings | $15 | $183 | | = GEI w/Tax Savings | $569 | $6,832 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $59,250 | $0 | | Monthly Payment | $393.79 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.28 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 93 | | Capitalization Rate | 7.6% | | Cash on Cash Return | 5% | | Total Return on Investment | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 8% |
*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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