Property Information

Jackson home built in 1956
Jackson , MS 39211
Rented and perfroming investment property
Square Feet1,290
Initial Market Value$95,000
Purchase Price$95,000
Downpayment$23,750
Loan Origination Fees$713
Depreciable Closing Costs$4,750
Other Closing Costs and Fixup$0
Initial Cash Invested$29,213
Cost per Square Foot$74
Monthly Rent per Square Foot$0.77
IncomeMonthlyAnnual
Gross Rent$992$11,904
Vacancy Losses($69)($833)
Operating Income$923$11,071
ExpensesMonthlyAnnual
Property Taxes($136)($1,634)
Insurance($99)($1,188)
Management Fees($50)($600)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($69)($833)
Other$0$0
Operating Expenses($355)($4,255)
Net PerformanceMonthlyAnnual
Net Operating Income$568$6,816
- Mortgage Payments($416)($4,990)
= Cash Flow$152$1,826
+ Principal Reduction$76$917
+ First-Year Appreciation$238$2,850
= Gross Equity Income$466$5,593
+ Tax Savings$6$66
= GEI w/Tax Savings$472$5,659
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$71,250$0
Monthly Payment$415.80$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.37
Annual Gross Rent Multiplier8
Monthly Gross Rent Multiplier96
Capitalization Rate7.2%
Cash on Cash Return6%
Total Return on Investment19%
Total ROI with Tax Savings19%
Assumptions
Real Estate Appreciation Rate3%
Vacancy Rate7%
Management Fee$50
Maintenance Percentage7%
Comments
3/2 currently rented for $992. Locaterd in Northeast Jackson. Tenant has been renting this property for 3 years.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.