Property Information

IN ESCROW
Spacious two story turnkey property in Middletown!
Middletown, OH 45044
3 bedroom, 1 bathroom - built in 1919.
Square Feet1,166
Initial Market Value$79,900
Purchase Price$79,900
Downpayment$19,975
Loan Origination Fees$599
Depreciable Closing Costs$3,995
Other Closing Costs and Fixup$0
Initial Cash Invested$24,569
Cost per Square Foot$69
Monthly Rent per Square Foot$0.75
IncomeMonthlyAnnual
Gross Rent$875$10,500
Vacancy Losses($70)($840)
Operating Income$805$9,660
ExpensesMonthlyAnnual
Property Taxes($40)($479)
Insurance($50)($599)
Management Fees($64)($773)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($70)($840)
Other$0$0
Operating Expenses($224)($2,691)
Net PerformanceMonthlyAnnual
Net Operating Income$581$6,969
- Mortgage Payments($322)($3,860)
= Cash Flow$259$3,108
+ Principal Reduction$74$884
+ First-Year Appreciation$400$4,794
= Gross Equity Income$732$8,786
+ Tax Savings$0$0
= GEI w/Tax Savings$732$8,786
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$59,925$0
Monthly Payment$321.69$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.81
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier91
Capitalization Rate8.7%
Cash on Cash Return13%
Total Return on Investment36%
Total ROI with Tax Savings36%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
Great opportunity north of Cincinnati! This property offers three bedrooms and one bathroom.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.