Spacious two story turnkey property in Middletown!
Middletown, OH 45044
3 bedroom, 1 bathroom - built in 1919.
Square Feet | 1,166 | Initial Market Value | $79,900 | Purchase Price | $79,900 | Downpayment | $19,975 | Loan Origination Fees | $1,348 | Depreciable Closing Costs | $3,995 | Other Closing Costs and Fixup | $0 | Initial Cash Invested | $25,318 | Cost per Square Foot | $69 | Monthly Rent per Square Foot | $0.75 |
Income | Monthly | Annual |
---|
Gross Rent | $875 | $10,500 | Vacancy Losses | ($70) | ($840) | Operating Income | $805 | $9,660 |
Expenses | Monthly | Annual |
---|
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 Performance | Monthly | Annual |
---|
Net Operating Income | $581 | $6,969 | - Mortgage Payments | ($398) | ($4,779) | = Cash Flow | $182 | $2,189 | + Principal Reduction | $51 | $610 | + First-Year Appreciation | $400 | $4,794 | = Gross Equity Income | $633 | $7,593 | + Tax Savings | $0 | $0 | = GEI w/Tax Savings | $633 | $7,593 |
| Mortgage Info | First | Second |
---|
Loan-to-Value Ratio | 75% | 0% | Loan Amount | $59,925 | $0 | Monthly Payment | $398.28 | $0.00 | Loan Type | Amortizing Fixed | | Term | 30 Years | | Interest Rate | 6.990% | 0.000% | Monthly PMI | $0 | |
Financial Indicators | |
---|
Debt Coverage Ratio | 1.46 | Annual Gross Rent Multiplier | 8 | Monthly Gross Rent Multiplier | 91 | Capitalization Rate | 8.7% | Cash on Cash Return | 9% | Total Return on Investment | 30% | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
Assumptions | |
---|
Real Estate Appreciation Rate | 6% | Vacancy Rate | 8% | Management Fee | 8% | Maintenance Percentage | 8% |
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.
|