Jackson home built in 1956
Jackson , MS 39211
Rented and perfroming investment property
| Square Feet | 1,290 | | Initial Market Value | $95,000 | | Purchase Price | $95,000 | | Downpayment | $23,750 | | Loan Origination Fees | $1,603 | | Depreciable Closing Costs | $4,750 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $30,103 | | Cost per Square Foot | $74 | | Monthly Rent per Square Foot | $0.77 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $992 | $11,904 | | Vacancy Losses | ($69) | ($833) | | Operating Income | $923 | $11,071 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($119) | ($1,425) | | Insurance | ($79) | ($950) | | Management Fees | ($50) | ($600) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($69) | ($833) | | Other | $0 | $0 | | Operating Expenses | ($317) | ($3,808) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $605 | $7,262 | | - Mortgage Payments | ($474) | ($5,683) | | = Cash Flow | $132 | $1,580 | | + Principal Reduction | $60 | $725 | | + First-Year Appreciation | $238 | $2,850 | | = Gross Equity Income | $430 | $5,155 | | + Tax Savings | $18 | $217 | | = GEI w/Tax Savings | $448 | $5,372 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $71,250 | $0 | | Monthly Payment | $473.55 | $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 | 96 | | Capitalization Rate | 7.6% | | Cash on Cash Return | 5% | | Total Return on Investment | 17% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 3% | | Vacancy Rate | 7% | | Management Fee | $50 | | Maintenance Percentage | 7% |
| 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.
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